Which of the Following Is a Characteristic of a Natural

question 369

Multiple Choice

Which of the following is a characteristic of a natural monopoly?

• A)Average cost exceeds marginal cost over large regions of output.
• B)Increasing the number of firms increases each firm's average total cost.
• C)One firm can supply output at a lower cost than two firms.
• D)All of the above are correct.

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Definitions:

Mediumship

The practice of purportedly mediating communication between spirits of the dead and living human beings.

Western-Based

Approaches, methodologies, or perspectives that are rooted in or heavily influenced by Western culture and philosophies.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with normal stresses of life, and can work and contribute to their community.

Altered States

A term used to describe various states of consciousness that differ from normal waking consciousness, often induced by factors like meditation, drugs, or hypnosis.