For a Typical Natural Monopoly, Average Total Cost Is

question 380

Multiple Choice

For a typical natural monopoly, average total cost is

• A)rising, often because marginal costs are very large.
• B)rising, often because fixed costs are very large.
• C)declining, often because marginal costs are very large.
• D)declining, often because fixed costs are very large.

---

Definitions:

Small Populations

Populations with a small number of individuals, which may face increased risks of extinction due to genetic drift, inbreeding, and reduced genetic diversity.

Genetic Isolation

A situation where different populations of a species are unable to interbreed, often leading to the formation of new species.

Secondary Contact

Refers to the reintroduction or interaction of populations that were previously isolated, often used in the context of evolutionary biology.

Novel Trait

A newly evolved feature in an organism that significantly differs from functions or structures in ancestral species, often due to genetic mutations or environmental changes.