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An Industry Is a Natural Monopoly When

Question 571

Multiple Choice

An industry is a natural monopoly when
(i) the government assists the firm in maintaining the monopoly.
(ii) a single firm owns a key resource.
(iii) a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms.


A) (ii) only
B) (iii) only
C) (i) and (ii) only
D) (ii) and (iii) only

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