Refer to the scenario above. Which of the following problems is most likely to arise in this case?

Natural monopolies have all of the following characteristics except

a. relatively high fixed cost b. relatively low average variable cost c. low levels of production d. difficulty for new firms to enter e. only one firm can produce profitably

Which one of the following statements concerning the National Bank Act is not true?

a. It created a national banking system. b. It created the office of the Comptroller of the Currency. c. It required banks to provide financial reports to the Comptroller of the Currency. d. It created nationally chartered banks. e. It allowed banks to accept real estate as loan collateral.