A Firm That Is a Natural Monopoly

question 102

Multiple Choice

A firm that is a natural monopoly:

• A)is not likely to be concerned about new entrants eroding its monopoly power
• B)is not enjoying economies of scale
• C)it tends to drive down wages
• D)can lower its average total cost if more firms enter the market

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Definitions:

Correct Verb

A verb that is properly suited in form and tense to its subject in a sentence, ensuring grammatical accuracy.

Sheep Shorn

The process of removing the wool from sheep, typically done annually to keep the sheep healthy and comfortable.

Correct Verb

A verb that accurately aligns with the subject and tense in a sentence, ensuring grammatical correctness.

Supervision

involves overseeing the work or tasks of others to ensure they are performed correctly, efficiently, and safely, often within a workplace.