On the basis of Causes of Emergence of monopoly, write a short note on NATURAL MONOPOLY.

Natural Monopoly arises in situations where one firm can supply a good or service to the entire market at a lower price than two or more firms can. In case of natural monopolies the long-run average cost curve is declining for higher levels of output.So the larger is the quantity of goods a single firm is producing the lower is the average cost per unit of output. 

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