Which statement is false?

A) Natural monopolies can provide cheaper service as monopolies than could several competing firms.
B) The two main justifications for monopoly are economies of scale and natural monopoly.
C) Economies of scale and high capital requirements are significant barriers to entry.
D) None of these statements are false.

Natural Monopolies

Industries where a single firm can supply a good or service to an entire market at a lower cost than would be possible if there were multiple firms.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in costs per unit.

High Capital

Refers to a significant amount of financial assets or resources held by individuals, firms, or governments, enabling large investments in projects or ventures.