In Natural Monopoly,AC Continuously Declines Due to Economies in Distribution

question 4

Multiple Choice

In natural monopoly,AC continuously declines due to economies in distribution or in production,which tends to found in industries which face increasing returns to scale.If price were set equal to marginal cost,then:

• A) price would equal average cost.
• B) price would exceed average cost.
• C) price would be below average cost.
• D) price would be at the profit maximizing level for natural monopoly
• E) all of the above

---

Definitions:

Unpaid Work

Labor that does not receive monetary compensation, often including domestic duties, caregiving, and volunteer work, disproportionately undertaken by women.

Homophobia

The fear and hatred of gays and lesbians.

Gender Socialization

The process by which individuals learn the cultural norms and expectations associated with their gender through socializing agents like family and media.

Testosterone

is a steroid hormone primarily produced in the testes of males and the ovaries of females, playing a crucial role in the development of male secondary sexual characteristics and affecting mood and libido.