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.
A
Economics
You might also like to view...
In June, buyers of titanium expect that the price of titanium will fall in July. What happens in the titanium market in June, holding everything else constant?
A) The quantity demanded increases. B) The demand curve shifts to the left. C) The quantity demanded decreases. D) The demand curve shifts to the right.
Economics
Explain the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns, absolute advantage or comparative advantage? Why?
Economics