The average total cost curve of a natural monopoly is always
A. upward sloping.
B. horizontal.
C. downward sloping at all points.
D. downward sloping where it crosses the market demand curve for the good.
Answer: D
Economics
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A decrease in both supply and demand will lead to a decrease in equilibrium quantitY
a. true b. false
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State universities and community colleges, the National Endowment for the Arts, public libraries, art galleries, and museums are all examples of
a. exclusive goods b. rival goods c. merit goods d. public goods e. private goods
Economics