An industry is a natural monopoly when
(i)the government assists the firm in maintaining the monopoly.
(ii)a single firm owns a key resource.
(iii)a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms.
A)(ii) only
B)(iii) only
C)(i) and (ii) only
D)(ii) and (iii) only

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The Answer of An industry is a natural monopoly when
(i)the government assists the firm in maintaining the monopoly.
(ii)a single firm owns a key resource.
(iii)a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms.
A)(ii) only
B)(iii) only
C)(i) and (ii) only
D)(ii) and (iii) only

An Industry Is a Natural Monopoly When