A natural monopoly can charge a price above mc where mc mr, Ask an Expert

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A natural monopoly can charge a price above MC where MC = MR, because

a. it has economies of scale to produce what others cannot duplicate, i.e. there are natural barriers.

b. there are legal barriers.

c. there are sociological barriers.

d. there are government regulations and restrictions.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91697664

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