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-The Firm Shown in the Figure Above Is

Question 53

Multiple Choice

-The firm shown in the figure above is A) a natural monopoly because its LRAC curve slopes downward where it intersects the demand curve. B) not a natural monopoly because its LRAC curve slopes downward where it intersects the demand curve. C) not a natural monopoly because its MC curve is horizontal. D) not a natural monopoly because its MC curve is below its LRAC curve.
-The firm shown in the figure above is


A) a natural monopoly because its LRAC curve slopes downward where it intersects the demand curve.
B) not a natural monopoly because its LRAC curve slopes downward where it intersects the demand curve.
C) not a natural monopoly because its MC curve is horizontal.
D) not a natural monopoly because its MC curve is below its LRAC curve.

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