Which of the following statements about natural monopolies is true? (Please provide the answer with the detail
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Question:
Which of the following statements about natural monopolies is true?
(Please provide the answer with the detail explanation)
A) Natural monopolies are only found in the markets for natural resources (like crude oil and coal).
B) For natural monopolies, marginal cost is always below average cost.
C) For natural monopolies, average cost is always increasing.
D) Natural monopolies cannot be regulated.
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