A natural monopoly is a desirable market structure because

Question

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A natural monopoly occurs when a single firm is able to provide goods or services to the market at the lowest possible cost due to significant barriers to entry. This allows the producer to deliver products to the market at a lower cost than competitors would be able to, which can benefit consumers through lower prices. This also allows the producer to earn profits while still providing goods or services at a lower cost than would be possible under competition. Additionally, a natural monopoly can benefit the economy by creating economies of scale, which can lead to more efficient production and reduced waste.

A Natural Monopoly Is a Desirable Market Structure Because