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A firm that is a natural monopoly:Group of answer choicesproduces the efficient quantity of output when it is not regulated.has very small fixed costs and
A firm that is a natural monopoly:Group of answer choicesproduces the efficient quantity of output when it is not regulated.has very small fixed costs and very large marginal costs.can supply the entire market at a lower average total cost than two or more firms.cannot make an economic profit if it is not regulated because it must serve a very large customer base.is infrequently regulated because having one firm serve the market is economically sound.
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