Which of the Following Statements About Natural Monopolies Is Not

question 154

Multiple Choice

Which of the following statements about natural monopolies is not true?

• A)Natural monopolies can be eliminated through technological change.
• B)Natural monopolies occur because of the nature of the market system.
• C)Cost-curve characteristics are one reason natural monopolies occur.
• D)Natural monopolies occur when minimum efficient scale is reached after demand is satisfied.
• E)The average total costs of natural monopolies continue to decline over production.

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Definitions:

Azygos Vein

A vein running up the right side of the thoracic vertebral column, draining blood from the chest walls and upper lumbar region into the superior vena cava.

Axillary Vein

A large blood vessel that conveys blood from the lateral aspect of the thorax, axilla (armpit), and upper limb towards the heart.

Basilic Vein

A large superficial vein of the upper limb that helps drain parts of the hand and forearm.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to the body.