Post a New Question


posted by .

A firm is a natural monopoly if:

a) its average cost curve falls throughout its relevant output range.

b) the firm owns an essential natural resource used in making the product.

c) the government has granted the firm the right to a monopoly.

d)the firm owns patents that protect it from high competitors.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question