With a Natural Monopoly, the Minimum Price a Single Firm

question 45

Multiple Choice

With a natural monopoly, the minimum price a single firm must charge to make a profit:

• A) is lower than the price two or more firms would have to charge.
• B) is always higher than the price two or more firms would have to charge.
• C) is equal to the price two or more firms would have to charge.
• D) is half the price two or more firms would have to charge.