benefits of natural monopolies\nwhat are some of the benefits of a natural monopoly? check all that…

benefits of natural monopolies\nwhat are some of the benefits of a natural monopoly? check all that apply.\n□ it can focus on serving customers first and foremost.\n□ it can improve a product without worrying about competition.\n□ it can supply all the customers in a market with a good or service.\n□ it does not have to worry about costs because it is not run for profit.\n□ it can work to improve a product due to pressure from other producers.

benefits of natural monopolies\nwhat are some of the benefits of a natural monopoly? check all that apply.\n□ it can focus on serving customers first and foremost.\n□ it can improve a product without worrying about competition.\n□ it can supply all the customers in a market with a good or service.\n□ it does not have to worry about costs because it is not run for profit.\n□ it can work to improve a product due to pressure from other producers.

Answer

Brief Explanations:

  • Natural monopolies can serve all customers in a market due to economies - of - scale. Also, without competition, they can focus on product improvement. They are profit - seeking entities and don't face producer pressure.

Answer:

  • It can improve a product without worrying about competition.
  • It can supply all the customers in a market with a good or service.