Figure 15-1 -Refer to Figure 15-1. the Shape of the Average Total

Multiple Choice

Figure 15-1
-Refer to Figure 15-1. The shape of the average total cost curve reveals information about the nature of the barrier to entry that might exist in a monopoly market. Which of the following monopoly types best coincides with the figure?

A) ownership of a key resource by a single firm
B) natural monopoly
C) government-created monopoly
D) a patent or copyright monopoly