The Most Important Feature of a Natural Monopoly Is

question 3

Multiple Choice

The most important feature of a natural monopoly is:

• A)constant returns to scale over the relevant range of output
• B)it exploits a natural resource
• C)diseconomies of scale over the relevant range of output
• D)economies of scale over the relevant range of output

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Definitions:

Milliseconds

A unit of time equal to one thousandth of a second, commonly used to measure the timing of very quick events.

Characters

The people or beings in a story, play, or other literary work who carry out the action and dialogue, contributing to the work's plot and theme.

Jerky Movements

Rapid, sharp actions or motions that are not smooth, often involuntary and without a steady rhythm.

Scanning

The process of systematically looking over a wide area or examining information carefully in search of something specific.