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29-03-2018
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Which barrier to entry results in the creation of a natural monopoly? legal barriers like government franchises. economies of scale. ownership of a vital resource. patents and copyrights?

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29-03-2018

A monopoly will be maximizing profits if it is operating at the point where: Correct! marginal revenue = marginal cost. marginal cost is at a ... in the creation of a natural monopoly? Ownership of a vital resource. Correct! Economies of scale. Legal barriers like government franchises. Patents and copyrights.

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