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A firm is a natural monopoly if ________. A. it can produce the good at a price below its competitor’s price B. it can produce a larger quantity of the good than other firms could C. the government grants it a public franchise or patent D. it can satisfy the market demand at a lower average total cost than other firms can
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
D. it can satisfy the market demand at a lower average total cost than other firms can
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