32. Which of the following distinguishes a natural monopoly from all other market structures, including non-natural, or classic, monopolies?  A single firm with market power Multiple suppliers having higher production costs than a single supplier Average total costs that are rising at the profit-maximizing point Productive and allocative inefficiency at the profit-maximizing quantity and price A unique product

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Q: What are the advantages and disadvantages of NATURAL monopolies?

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A:

Q: Why does the government regulate natural monopolies

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