A Natural Monopoly Is Producing an Output Level of 1,000

question 142

Multiple Choice

A natural monopoly is producing an output level of 1,000 units per day.If the monopoly is broken up into 5 firms,then average total cost for each of the 5 firms

• A)will exceed the monopolist's average total cost
• B)will equal the monopolist's average total cost
• C)will fall below the monopolist's average total cost
• D)may equal or fall below the monopolist's average total cost
• E)may equal or exceed the monopolist's average total cost

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