Fixed Costs Are ________ in a Natural Monopoly,so Average Total

question 298

Multiple Choice

Fixed costs are ________ in a natural monopoly,so average total cost ________ as output increases.

• A) large; increases
• B) large; decreases
• C) small; increases
• D) small; decreases
• E) nonexistent; decreases

---

Definitions:

Dog Biscuit

A small, hard, and dry snack made specifically for dogs, often used as a form of reward or training aid.

Reward

A benefit or positive reinforcement given for desirable behavior or performance, often used to encourage that behavior to happen again.

Behavioural Perspective

An approach in psychology focusing on observable behaviors and the ways in which environment conditions affect them.

Environmental Stimuli

External factors or changes in the environment that influence behavior or responses in organisms.