Which of the following statements accurately describe the pricing strategies in natural monopolies? Select all that apply.

In a natural monopoly, one company can produce a good or service at a lower cost than multiple companies could. This often happens in industries like water and electricity, where having many companies would be inefficient. Pricing strategies in these monopolies often aim to balance the need for the company to cover its costs while keeping prices fair for consumers. For example, a natural monopoly might set prices just below what would maximize its profits to ensure that more people can afford the service. Overall, the goal is to provide access to essential services while maintaining financial sustainability for the company.