When does a natural monopoly arise?
a when a single seller buys or takes over all the c...
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
Answers: 2
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