Natural monopoly is said to exist when(see analysis in Chapter 11) Answer the in

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Natural monopoly is said to exist when(see analysis in Chapter 11) Answer
the industry demand curve intersects the firm%u2019s average total cost curve at a rate of production below the rate of production consistent with minimum ATC.
there are high barriers to entry.

costs are the same for all companies in the industry.
it is more cost efficient to have multiple firms. Natural monopoly is said to exist when(see analysis in Chapter 11) Natural monopoly is said to exist when(see analysis in Chapter 11) the industry demand curve intersects the firm%u2019s average total cost curve at a rate of production below the rate of production consistent with minimum ATC. there are high barriers to entry. costs are the same for all companies in the industry. it is more cost efficient to have multiple firms.
the industry demand curve intersects the firm%u2019s average total cost curve at a rate of production below the rate of production consistent with minimum ATC.
there are high barriers to entry.

costs are the same for all companies in the industry.
it is more cost efficient to have multiple firms.

Explanation / Answer

there are high barriers to entry.

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