Which of the Following Is True Under Natural Monopoly

question 36

Multiple Choice

Which of the following is true under natural monopoly?

• A) The marginal cost curve will be above the average cost curve.
• B) The monopolist will set price equal to marginal cost and will earn economic profits.
• C) Economies of scale exist.
• D) Output is produced under conditions of constant cost.

Calculate probabilities and variances using the Normal distribution and its properties.

Apply the concept of a sampling distribution to estimate population parameters.

Understand and calculate the standard deviation of a sampling distribution.

Recognize and distinguish between discrete and continuous probability distributions.

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