Suppose a Firm Is a Natural Monopoly

question 319

Multiple Choice

Suppose a firm is a natural monopoly. Then, until the long-run average cost curve crosses the demand curve, as the quantity increases the long-run average costs

• A) increase.
• B) decrease.
• C) decrease and then increase.
• D) increase and then decrease.

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Definitions:

Lymphocytes

White blood cells that are integral to the body's immune system, helping to fight off infections.

Plasma

The liquid component of blood where cells like red blood cells, white blood cells, and platelets are suspended.

Blood

A vital fluid in humans and other animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away from those same cells.

Diapedesis

The squeezing of a cell through a blood vessel wall.