MCQOPTIONS
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| 1. |
The problem posed by a natural monopoly is that it faces a _____ This means that _______? |
| A. | increasing average cost curve, marginal cost lies above average cost |
| B. | increasing average cost curve, marginal cost lies below average cost |
| C. | decreasing average cost curve marginal cost lies above average cost |
| D. | decreasing average cost curve, marginal cost lies below average cost |
| Answer» E. | |