Question

Natural monopolies: a. Always face downward-sloping long-run average total cost curves. B. Capture economies of scale over the entire market. C. Incur losses if they produce where p = mc. D. All of the above.

Answer 1

Hey Friend, Here is the answer indeed:-

Natural monopolies:

1. Always face downward-sloping long-run average total cost curves.

2. Capture economies of scale over the entire market.

3. Incur losses if they produce where p = mc.

Hence, the answer is (D). All Of the above.

Hope it helps... #Phenomenal..