[Solved] All of the Following,except One,are True Statements About a Natural

Question 99
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All of the following,except one,are true statements about a natural monopoly.Which one is the exception?


A)It is able to produce at a lower cost than competing firms could.
B)It has economies of scale and a declining LRAC over the relevant range of demand.
C)The demand for its product is perfectly elastic.
D)The demand is perfectly inelastic.

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