Multiple Choice
Use the figure below to answer the following question. 
Figure 14.1.1
In the figure,D is the demand curve for taxi rides in a town,and ATC is the average total cost curve of a taxi company.
-Refer to Figure 14.1.1.In the scenario above,the market is
A) a natural duopoly.
B) a natural oligopoly with three firms.
C) a natural monopoly.
D) monopolistically competitive.
E) perfectly competitive.
Correct Answer:
Verified
Correct Answer:
Verified
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