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When does a natural monopoly arise? A when a single seller buys or takes over all the competitors in the market B when multiple sellers have access to scarce natural resources i…
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When does a natural monopoly arise? A when a single seller buys or takes over all the competitors in the market B when multiple sellers have access to scarce natural resources i…
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Jan 5, 2018
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When does a natural monopoly arise?
A when a single seller buys or takes over all the competitors in the market
B when multiple sellers have access to scarce natural resources in a region
C when economies of scale occur over a relevant range of output
D when a limited number of sellers decide to jointly sell their products
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the answer is C. When the economies of scale occur over a relevant range of outputs
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