When a Firm Has a Natural Monopoly, the Firm's

question 194

Multiple Choice

When a firm has a natural monopoly, the firm's

• A)marginal cost always exceeds its average total cost.
• B)total cost curve is horizontal.
• C)average total cost curve is downward sloping.
• D)marginal cost curve must lie above the firm's average total cost curve.

---

Definitions:

Nonverbal Signals

Forms of communication without words, such as gestures, facial expressions, and body language, which can convey emotions and attitudes.

In-Person Conversations

Direct interactions between individuals in the same physical space, often considered more personal and engaging than other forms of communication.

Nonverbal Cues

Communication signals that do not involve words, such as body language, gestures, and facial expressions.

Oral, In-Person

Communication that occurs through spoken words in a face-to-face setting.