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A Distinguishing Characteristic of a Natural Monopoly Is That

Question 97

Multiple Choice

A distinguishing characteristic of a natural monopoly is that


A) the government restricts the number of firms to one for the industry
B) the ATC curve is downward sloping over the entire production range
C) the TC curve is downward sloping over the entire production range
D) its demand curve is horizontal
E) the industry's demand curve is also the firm's demand curve

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