In the Figure, D Is the Demand Curve for Taxi

question 82

Multiple Choice

In the figure, D is the demand curve for taxi rides in a town, and ATC is the average total cost curve of a taxi company.
-In the scenario above, the market is

• A) a natural duopoly.
• B) a natural oligopoly with three firms.
• C) a natural monopoly.
• D) monopolistically competitive.

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