A Natural Monopoly Exists When, Throughout the Range of Market

question 31

Multiple Choice

A natural monopoly exists when, throughout the range of market demand,

• A)average cost is increasing
• B)there are diseconomies of scale
• C)there are economies of scale
• D)average cost is constant
• E)marginal cost exceeds average cost

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Definitions:

Nonverbal Cues

Forms of communication without spoken words, such as facial expressions, gestures, posture, and eye contact, which convey feelings and intentions.

Stressed

Experiencing mental or emotional strain or tension resulting from adverse or demanding circumstances.

Bored

Feeling weary or restless due to a lack of interest in one's current activities or surroundings.

Nonverbal Signals

Communication without the use of spoken language, including gestures, facial expressions, and body language.