What Is Most Likely to Happen as the Output of a Natural

question 198

Multiple Choice

What is most likely to happen as the output of a natural monopoly increases over the range of market demand?

• A)There is a small decrease in average total cost and then it increases as output increases.
• B)There is an increase in average total cost and then it decreases as output increases.
• C)Average total cost increases as output increases.
• D)Average total cost decreases as output increases.

---

Definitions:

Predictor of Behaviour

An indicator or factor that can be used to forecast future actions or tendencies of individuals or groups.

Theory of Reasoned Action

A psychological theory that predicts an individual's behavior based on their intention to engage in that behavior, influenced by attitudes and societal expectations.

Subjective Norms

The perceived social pressure to perform or not perform a particular behavior, influenced by the beliefs of significant others.

Cultural Roadblocks

Obstacles or barriers created by differences in cultural practices, beliefs, and values that hinder communication, understanding, or progress in various contexts.