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.

---

Definitions:

Anxiety

A state of fear or distress about something that might happen or about a future event with unpredictable results.

Mood Symptoms

Emotional states or feelings that can affect a person's well-being and ability to function, often associated with disorders such as depression or bipolar disorder.

Dismantling Study

Research designed to investigate the effectiveness of individual components of a therapy to understand how and why the therapy works.

Linehan

Marsha Linehan is a psychologist who developed Dialectical Behavior Therapy, a treatment for borderline personality disorder and other conditions.