Substantial economic inefficiency is an inherent consequence of a natural monopoly. Indicate whether the statement is true or false.

The given statement is true.

Explanation:-

The reason behind is that the monopolist creates the inefficiency in the market. It means a higher price charged for lower quantities and the lower price charged for more quantities. It results in a deadweight loss in an economy. It shows that the economy faces loss in consumer surplus as well as loss in producer surplus.