Introduction to Economics 1 Deneme Sınavı Sorusu #1132377
When does a natural monopoly occur?
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A natural monopoly occurs when economies of scale are so narrow that one firm can supply the entire market at a lower average cost than two or more firms. |
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A natural monopoly occurs when economies of scale are so narrow that one firm can supply the entire market at a lower average cost than one firm. |
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A natural monopoly occurs when economies of scale are so large that one firm can supply the entire market at a higher average cost than two or more firms. |
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A natural monopoly occurs when economies of scale are so large that one firm can supply the entire market at a lower average cost than two or more firms. |
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A natural monopoly occurs when economies of scale are so large that one firm can supply the entire market at a higher average cost than two or more firms. |
A natural monopoly occurs when economies of scale are so large that one firm can supply the entire market at a lower average cost than two or more firms.
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