Which of the Following Is a Characteristic of a Natural

question 369

Multiple Choice

Which of the following is a characteristic of a natural monopoly?

• A)Average cost exceeds marginal cost over large regions of output.
• B)Increasing the number of firms increases each firm's average total cost.
• C)One firm can supply output at a lower cost than two firms.
• D)All of the above are correct.

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Definitions:

Large-Fiber Activity

The involvement or action of myelinated nerve fibers that are responsible for transmitting fast and sharp pain signals.

Oval Window

A membrane-covered opening that separates the middle ear from the inner ear and transmits sound vibrations from the ossicles to the cochlea.

Vestibular Sacs

Structures in the inner ear that are responsible for sensing gravity and linear acceleration, helping to maintain balance and spatial orientation.

Olfactory Receptors

Specialized nerve cells in the nose responsible for detecting odors in the environment and conveying the information to the brain.