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content area Part 1 A natural monopoly Part 2 A. has decreasing long-run marginal costs over a very large range of output. B. has decreasing
content area Part 1 A natural monopoly Part 2 A. has decreasing long-run marginal costs over a very large range of output. B. has decreasing long-run average total costs over a very large range of output. C. has economies of scale over a very large range of output. D. All of the above
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