A natural monopoly results from a. the ownership of patent rights. b. a combination of market demand

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A natural monopoly results from

a. the ownership of patent rights.

b. a combination of market demand and high fixed costs such that only one firm can operate profitably.

c. acquisition of other firms by a firm through the natural process of competition.

d. exclusive access to natural resources.

e. the natural inclination of oligopolistic firms in the same industry to coordinate output and price policy.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 11, 2024 07:05 AM

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A natural monopoly results from a. the ownership of patent rights. b. a combination of market demand

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Principles Of Microeconomics

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