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-In the Above Figure, D Is the Demand Curve for Taxi

Question 137

Multiple Choice

-In the above figure, D is the demand curve for taxi rides in a town, and ATC is the average total cost curve of a taxi company. In this scenario, the market is A) a natural monopoly. B) a natural oligopoly with three firms. C) a natural duopoly. D) monopolistically competitive.
-In the above figure, D is the demand curve for taxi rides in a town, and ATC is the average total cost curve of a taxi company. In this scenario, the market is


A) a natural monopoly.
B) a natural oligopoly with three firms.
C) a natural duopoly.
D) monopolistically competitive.

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