Natural Monopoly Is Characterized By

question 9

Multiple Choice

Natural monopoly is characterized by:

• A)decreasing average total cost and a long-run average cost curve being positively sloped and steep.
• B)decreasing average total cost and low and increasing marginal cost.
• C)decreasing average total cost and a long-run average cost curve being negatively sloped and steep.
• D)increasing average total cost and large and increasing marginal cost.

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