Figure 15-1 -Refer to Figure 15-1.Which of the Following Statements About the Following

Multiple Choice

Figure 15-1

-Refer to Figure 15-1.Which of the following statements about the firm depicted in the diagram is true?

A) The fact that this firm is a natural monopoly is shown by the long-run average total cost curve still falling when it crosses the demand curve.
B) The fact that this firm is a natural monopoly is shown by the continually declining market demand curve as output rises.
C) The fact that this firm is a natural monopoly is shown by the continually declining marginal revenue curve as output rises.
D) The fact that this firm is a natural monopoly is shown by the fact that marginal cost lies below the long-run average total cost where the firm maximizes its profits.