The Long-Run Average Cost Curve of a Natural Monopoly

question 235

Multiple Choice

The long-run average cost curve of a natural monopoly

• A) is positively sloped until it crosses the demand curve.
• B) intersects the demand curve while it is negative sloped.
• C) intersects the demand curve while it is positively sloped.
• D) is the natural monopoly's supply curve.
• E) is the same as the natural monopoly's demand curve.

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