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Using the concepts of economies/diseconomies of scale, explain natural monopoly

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JustCurious posted on Sat, Oct 9 2010 6:02 PM

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Some markets/profit margins may be too small in capacity to allow for multiple service providers.

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A very high fixed cost means that average cost is almost the same as average fixed cost and variable costs are negligible. Hence, decreasing returns to factor never happens, and any increase in number of customers serviced will only reduce prices and not increase them from burden of greater marginal costs.

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