For a Natural Monopoly, Long-Run Average Costs

question 83

Multiple Choice

For a natural monopoly, long-run average costs

• A) fall as output increases.
• B) rise as output increases.
• C) fall as output falls.
• D) rise as output falls.

---

Definitions:

Clayton Act

An amendment passed to the U.S. antitrust laws to promote competition among enterprises and protect consumers from unfair business practices.

Clayton Act

A United States antitrust law, passed in 1914, aiming to prevent exclusive sales contracts, corporate mergers, and other practices that restrict competition.

Celler-Kefauver Act

A United States antitrust law passed in 1950, aimed at preventing anti-competitive mergers by closing loopholes relating to asset purchases.

Sherman Act

is a foundational antitrust law in the United States aimed at preserving competition by prohibiting monopolies, cartels, and other forms of anticompetitive practices.