What are the characteristics of a natural monopoly why is, Econometrics

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What are the characteristics of a natural monopoly why is

1. When does a firm have market power?

2. Name and describe three barriers to entry to a market.

3. What are the characteristics of a natural monopoly? Why is it efficient for society for a natural monopoly to produce all the output of an entire industry?

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Econometrics: What are the characteristics of a natural monopoly why is

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