The Long-Run Average Total Cost Curve of a Natural Monopolist

question 68

Multiple Choice

The long-run average total cost curve of a natural monopolist

• A)Is downward-sloping in the relevant range of production.
• B)Is U-shaped.
• C)Reflects diseconomies of scale.
• D)Is below the long-run marginal cost curve in the relevant range of production.

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Definitions:

Functional Groupings

The organization of products, services, or organizational units based on similar functions or purposes.

Marketing Department

A functional division within a company focused on strategies and efforts to promote, sell, and distribute a product or service.

Organizational Structure

The way in which a company or organization is arranged, including the divisions, roles, and responsibilities to ensure its operations.

Marketing ROI

Return on Investment in marketing; a measure of the profitability and effectiveness of marketing efforts, comparing the gain from these activities to their cost.