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11 Dec 2019
Which of the following statements are true about the natural monopoly? Check all that apply.
A) The electricity company is experiencing diseconomies of scale.
B) The electricity company must own a scarce resource.
C) It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
D) In order for a monopoly to exist in this case, the government must have intervened and created it.
Which of the following statements are true about the natural monopoly? Check all that apply.
A) The electricity company is experiencing diseconomies of scale.
B) The electricity company must own a scarce resource.
C) It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
D) In order for a monopoly to exist in this case, the government must have intervened and created it.
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Irving HeathcoteLv2
12 Mar 2020