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12 :- 0 _ A natural monopoly exists when, throughout the range of market demand, 0 average cost is increasing 0 there are diseconomies of

12 :- 0 _ A natural monopoly exists when, throughout the range of market demand, 0 average cost is increasing 0 there are diseconomies of scale 0 there are economies of scale 0 average cost is constant 0 marginal cost exceeds average cost

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