A Firm That Is a Natural Monopoly

question 448

Multiple Choice

A firm that is a natural monopoly

• A)is not likely to be concerned about new entrants eroding its monopoly power.
• B)is taking advantage of diseconomies of scale.
• C)would experience a lower average total cost if more firms entered the market.
• D)All of the above are correct.

---

Definitions:

Business Person

An individual who is involved in the activities of running or managing a business, which may range from a small enterprise to a large corporation, focusing on profit-making strategies.

Anomic Suicide

Results from a lack of regulation of the individual when the norms governing existence no longer control that individual.

Suicide Rates

The statistical measures representing the number of suicide deaths in a specific population and time period.

Socioeconomic Families

Families classified according to their social and economic status, often influencing their access to resources, lifestyle, and opportunities.