Business Studies, asked by yasho5865, 11 months ago

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

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Answered by Siddharth011

Answer:

Explanation:

Effects of Monopoly Power

As a result, the firm has to lower the price of its good or service to increase the quantity sold. Therefore, a monopolist's marginal revenue (MR) is always less than the price (P) of its good or service

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