Question: A natural monopoly is a monopoly that arises because one firm can meet the entire market demand at a lower average _____ cost than two

A natural monopoly is a monopoly that arises because one firm can meet the entire market demand at a lower average _____ cost than two or more firms could. A legal monopoly is a market in which _____ by the granting of a public franchise, government licence, patent, or copyright.

A. Fixed; competition and entry are restricted

B. Total; competition and entry are restricted

C. Variable; profits are maximized

D. Variable; costs are minimized

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