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    Managerial Economics in a Global Economy
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    Exam 8: Cost Theory and Estimation
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    Industries Where the Long-Run Average Cost Curve Has a Positive
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Industries Where the Long-Run Average Cost Curve Has a Positive

Question 48

Question 48

True/False

Industries where the long-run average cost curve has a positive slope over a wide range of output are referred to as natural monopolies.

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