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:

Diabetes Insipidus

A rare disorder characterized by intense thirst and the excretion of large amounts of dilute urine, unrelated to diabetes mellitus (sugar diabetes).

Sodium Level

The concentration of sodium ions in the blood, crucial for maintaining proper body fluid balance and nerve function.

Extracellular Fluid Volume

The volume of all the body fluids outside cells, including interstitial fluid and blood plasma, important for maintaining proper fluid balance and physiological functions.

Crohn's Disease

A chronic inflammatory bowel disease that affects the lining of the digestive tract, causing pain, severe diarrhea, fatigue, weight loss and malnutrition.