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Economies of Scale Throughout the Range of Market Demand Give

Question 133

Multiple Choice

Economies of scale throughout the range of market demand give natural monopolies


A) downward-sloping long-run average cost curves
B) upward-sloping long-run average total cost curves
C) upward-sloping long-run average cost curves
D) upward-sloping short-run average total cost curves
E) horizontal long-run average cost curves

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