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20 18 . 16 __ Monopoly Outcome 14 12 ' PRICE (Dollars per hundred cubic feet) I I 2 _ I I I MR D o I I I I I I I I 0 1 2 3 4 5 6 7 8 9 10 QUANTITY (Hundreds of cubic feet) Which of the following statements are true about this natural monopoly? Check all that apply. C] The gas company is experiencing diseconomies of scale. The gas company is experiencing economies of scale. C] In order for a monopoly to exist in this case, the government must have intervened and created it. C] The gas company must own a scarce resource. True or False: Without government regulation, natural monopolies can earn positive profit in the long run. 0 True 0 False