In a Natural Monopoly, Throughout the Range of Market Demand

question 53

Multiple Choice

In a natural monopoly, throughout the range of market demand

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

---

Definitions:

Show Emotion

The act of expressing feelings such as happiness, anger, or sadness through facial expressions, body language, or verbal communication.

Tolerate Silence

The ability to comfortably accept periods of silence in communication or interaction, often seen as an important interpersonal and cross-cultural skill.

Running Meetings

The act of leading or facilitating a meeting to ensure it is efficient, productive, and achieves its intended objectives.

Telework

A work arrangement that allows employees to perform their job duties from a remote location, usually their home, via electronic communication.