In a Natural Monopoly, Throughout the Range of Market Demand

question 85

Multiple Choice

In a natural monopoly, throughout the range of market demand,

• A)the marginal cost is above average total cost and pulls average total cost upward.
• B)average total cost is above the marginal cost and pulls the marginal cost upward.
• C)the marginal cost is below average total cost and pulls average total cost downward.
• D)there are diseconomies of scale.

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