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An Industry Is a Natural Monopoly When I) the Government

Question 16

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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