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A firm that is a natural monopoly a. is not likely to be concerned about new entrants eroding its monopoly power. b. is taking advantage
A firm that is a natural monopoly
a.
is not likely to be concerned about new entrants eroding its monopoly power.
b.
is taking advantage of economies of scale.
c.
would experience a higher average total cost if more firms entered the market.
d.
All of the above are correct.
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