Which of the following would create a natural monopoly ........

Which of the following would create a natural monopoly?

requirement of a government license before the firm can sell the good or service

technology enabling a single firm to produce at a lower average cost than two or more firms

an exclusive right granted to supply a good or service

ownership of all the available units of a necessary input

technology enabling a single firm to produce at a lower average cost than two or more firms

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