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A natural monopoly occurs when: Naturally occurring competitive strengths of the firm lower costs. None of the available answers. Multiple firms can compete and lower

A natural monopoly occurs when:
Naturally occurring competitive strengths of the firm lower costs.
None of the available answers.
Multiple firms can compete and lower costs.
There are exceptionally low indivisible setup costs in that industry.
One firm can produce a given quantity at a lower price than having multiple firms producing the same given quantity.
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