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what are some of the benefits of a natural monopoly? check all that app…

Question

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

Explanation:

Brief Explanations

A natural monopoly can supply all customers in a market due to economies of scale. It can also improve products without competition concerns as it has market - dominance. It is not true that it focuses on customers first (it may have profit - motives), not true that it doesn't worry about costs (it still has costs), and not true that it improves due to pressure from other producers (it has no or few competitors).

Answer:

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