Which of the Following Total Cost Functions Suggests the Presence

question 90

Multiple Choice

Which of the following total cost functions suggests the presence of a natural monopoly?

• A) TC = 2Q
• B) TC = 100 + 2Q
• C) TC = 100 + 2Q²
• D) All of the above.

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Definitions:

Cannibals

Individuals or groups who consume the flesh of their own species, often considered a taboo or controversial behavior in many cultures.

Proscribing Killing

Instituting a prohibition or ban against the act of causing death, typically in the context of laws or moral guidelines.

Justifiable Exceptions

Circumstances that deviate from the rule but are considered acceptable or defensible based on rational or moral grounds.

Philosophical Convictions

Firmly held beliefs or positions that are informed by philosophical reasoning and reflection.