Which statement is the best definition of a natural monopoly? It is a monopoly that only relates to the use and distribution of water, coal, and other natural resources. It happens when one business can provide a product at a cheaper cost than two or more businesses can. It is a monopoly that cannot be controlled by the government and exists outside any form of regulation. It happens when one business buys out others to dominate a market and control the creation of a product.
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