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Which barrier to entry results in the creation of a natural monopoly? legal barriers like government franchises. economies of scale. ownership of a vital resource. patents and copyrights?
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Which barrier to entry results in the creation of a natural monopoly? legal barriers like government franchises. economies of scale. ownership of a vital resource. patents and copyrights?

User Woogie
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A monopoly will be maximizing profits if it is operating at the point where: Correct! marginal revenue = marginal cost. marginal cost is at a ... in the creation of a natural monopoly? Ownership of a vital resource. Correct! Economies of scale. Legal barriers like government franchises. Patents and copyrights.
User Lezan
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