Question:
Consider the following for natural monopoly:
A. When the firm's average cost of producing a good continuously declines, a natural monopoly arises.
B. Under natural monopoly, economic profits are positive or greater than zero in equilibrium.
C. A market is a natural monopoly when a good is produced most economically by a single firm.
D. Natural monopoly follows marginal cost pricing at all times.
Choose the correct answer from the options given below:
Consider the following for natural monopoly:
A. When the firm's average cost of producing a good continuously declines, a natural monopoly arises.
B. Under natural monopoly, economic profits are positive or greater than zero in equilibrium.
C. A market is a natural monopoly when a good is produced most economically by a single firm.
D. Natural monopoly follows marginal cost pricing at all times.
Choose the correct answer from the options given below:
A. When the firm's average cost of producing a good continuously declines, a natural monopoly arises.
B. Under natural monopoly, economic profits are positive or greater than zero in equilibrium.
C. A market is a natural monopoly when a good is produced most economically by a single firm.
D. Natural monopoly follows marginal cost pricing at all times.
Choose the correct answer from the options given below:
Updated On: Mar 12, 2024
- A and D only
- B and D only
- A and C only
- B and C only
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The Correct Option is C
Solution and Explanation
The correct answer is (C) : A and C only.
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