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28 July, 07:24

When does a natural monopoly arise?

A when a single seller buys or takes over all the competitors in the market

B when multiple sellers have access to scarce natural resources in a region

C when economies of scale occur over a relevant range of output

D when a limited number of sellers decide to jointly sell their products

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  1. 28 July, 07:50
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    Thw answer is D. when a limited number of sellers decide to jointly sell their products
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