​Suppose That a Market That Is a Natural Monopoly Has

question 31

Multiple Choice

​Suppose that a market that is a natural monopoly has three producers providing the good to this market. This situation will

• A)​result in lower prices for consumers under all circumstances.
• B)​result in higher average costs for each producer than if there were only a single producer.
• C)​result in all firms taking full advantage of economies of scale in the production of the good.
• D)result in a more efficient outcome than the market with fewer producers.

---

Definitions:

Somatic Nervous System

Part of the peripheral nervous system associated with the voluntary control of body movements through the action of skeletal muscles.

Dissociative Amnesia

A disorder characterized by gaps in memory for personal history, sometimes due to traumatic events or extreme stress.

Traumatic Episode

An incident or period in life that causes severe psychological distress and may lead to PTSD or other stress-related disorders.

Dissociative Disorders

A group of disorders in which some parts of one’s memory or identity seem to be dissociated, or separated, from other parts of one’s memory or identity.