All of the Following Are True for a Natural Monopoly

question 145

Multiple Choice

All of the following are true for a natural monopoly except which one?

• A)Its long- run average cost falls as production increases.
• B)It has large economies of scale.
• C)The quantity at which its long- run average cost first reaches a minimum exceeds the quantity consumers demand.
• D)It has control over an essential raw material.

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