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A natural monopoly is:

A. any situation in which only a single seller is allowed to exist.
B. a monopoly in which the goods produced are agricultural resources.
C. an industry that runs best when one firm produces all the output.
D. an industry in which the government provides all the output.

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User Jhaynie
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2 Answers

4 votes

Answer: C

Step-by-step explanation:

An industry that runs best when one firm produces all the output

User Jzheaux
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1 vote

Answer:

The correct option is C) An industry that runs best when one firm produces all the output.

Step-by-step explanation:

A monopoly is when the entire output is achieved through just one seller. Therefore it is characterized by a lack of competition among sellers in an economic reference in order to produce any good or service.

This can lead to a monopoly of high pricing on these products and services which is set on a high profit margin thus making the seller high monopoly profits.

User Umut Uzun
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