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Part $1$

A firm is a natural monopoly if$\_\_\_\_\_\_.$

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Part $1$

A$.$

it can produce a larger quantity of the good than other firms could

B$.$

it can satisfy the market demand at a lower average total cost than other firms can

C$.$

the government grants it a public franchise or patent

D$.$

it can produce the good at a price below its$$ competitor's price