Which of the Following Is True Under Natural Monopoly

question 18

Multiple Choice

Which of the following is true under natural monopoly?

• A) The marginal cost curve will be above the average cost curve.
• B) The monopolist will set price equal to marginal cost and will earn economic profits.
• C) Economies of scale will be present.
• D) Output is produced under conditions of constant cost.

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Definitions:

Logical And Operator

A binary operator that returns true if both operands are true and false otherwise, commonly represented as && in many programming languages.

Logical Not Operator

A unary operator (!) that inverts the truth value of its operand.

Expressions True

Refers to expressions in programming that evaluate to a Boolean true value.

Resulting Condition

The state or outcome produced after the execution of a particular operation or set of operations in programming.