A Natural Monopoly Occurs When

question 55

Multiple Choice

A natural monopoly occurs when

• A)there are high fixed costs.
• B)continuously decreasing average total costs.
• C)continuously increasing marginal costs.
• D)there are high fixed costs and continuously decreasing average total costs.

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Definitions:

Degenerating Motor

A motor or mechanism that is in decline or failing in performance, often due to wear, age, or damage.

Knock-In Technology

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Genome

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