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A firm that is a natural monopoly a. enjoys coonomies of scale by producing a larye mumber of
units. b. enjoys government license given to them. c. enjoys the resource that they hove which
ether firms do not have. d. is similar to a perfectly competitive firm. QUESTION 21 Which type
of manopoly promotes irvovation and researat? Owning a monopoly resource. Govemment
created monopoly. Natural Monopoly. No monopoly encourages innovation and research.

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