A Natural Monopoly Occurs When

question 102

Multiple Choice

A natural monopoly occurs when

• A) long-run average costs decline continuously through the range of demand.
• B) a firm owns or controls some resource essential to production.
• C) long-run average costs rise continuously as output is increased.
• D) economies of scale are obtained at relatively low levels of output.

Understand the basic composition and properties of atoms.

Comprehend the periodic table elements and their characteristics.

Identify the structural differences and similarities between various atoms and elements.

Recognize how elements form compounds through ionic and covalent bonding.

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