If the OpenTable Website Was a Natural Monopoly,its

question 43

Multiple Choice

If the OpenTable Website was a natural monopoly,its

• A)marginal cost curve would still be declining when it crossed the demand curve.
• B)average total cost curve would still be declining when it crossed the demand curve.
• C)marginal revenue curve wold be the same as its demand curve.
• D)marginal revenue curve would be horizontal.

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Definitions:

Efficiency And Quality

Measures of how well resources are used to achieve objectives and the degree to which products or services meet customer expectations.

Customer Satisfaction

The measure of how products or services provided by a company meet or surpass customer expectation.

Traditional Measurement

A method of evaluating performance or progress using long-established standards or units.

Return On Investment

A measure used to evaluate the performance of an investment by dividing the net profit by the initial cost of the investment.