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A natural monopoly refers to a monopoly that is defended from direct competition by

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Question:

A natural monopoly refers to a monopoly that is defended from direct competition by

A.

economies of scale over a broad range of output

B.

a government franchise

C.

control over a vital input

D.

a patent or copyright

Answer» a. economies of scale over a broad range of output

Note: The above multiple-choice question is for all general and Competitive Exams in India.