A natural monopoly occurs when A. production requires the use of free natural resources, such as water or air. B. the product is sold in its natural state, such as water or diamonds. C. there are economies of scale over the relevant range of output. D. the firm is characterized by a rising marginal cost curve.
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Home » Business » A natural monopoly occurs when A. production requires the use of free natural resources, such as water or air. B. the product is sold in its natural state, such as water or diamonds. C. there are economies of scale over the relevant range of output.