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1 3 ' : :- A natural monopoly exists when, throughout the range of market demand, 0 average cost is increasing 0 there are diseconomies

1 3 ' : :- A natural monopoly exists when, throughout the range of market demand, 0 average cost is increasing 0 there are diseconomies of scale 0 average cost is decreasing 0 average cost is constant 0 marginal cost exceeds average cost

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