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Business, 30.11.2020 17:40 hermesrobles
A firm is a natural monopoly if:
a. any entrant would have the same costs.
b. its profit does not increase with output.
c. one firm can produce the total output of the market at lower cost than two or more firms could.
d. it has no fixed costs.
e. its marginal revenue is increasing faster than average costs.
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A firm is a natural monopoly if:
a. any entrant would have the same costs.
b. its profit doe...
b. its profit doe...
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