For a Natural Monopoly to Exist

question 219

Multiple Choice

For a natural monopoly to exist,

• A)a firm must continually buy up its rivals.
• B)a firm's long-run average cost curve must exhibit diseconomies of scale beyond the economically efficient output level.
• C)a firm's long-run average cost curve must exhibit economies of scale throughout the relevant range of market demand.
• D)a firm must have a government-imposed barrier.

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Definitions:

Biofeedback

A technique that teaches individuals to control physiological functions by using signals from their own bodies.

Qui Gong

A traditional Chinese mind-body practice that combines movement, meditation, and regulated breathing to enhance physical and mental health.

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A technique involving conscious, deliberate, and slow inhalation and exhalation, often used for relaxation, stress reduction, and meditation purposes.

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