A Natural Monopoly Is Characterized by

Multiple Choice

A natural monopoly is characterized by

A) decreasing average total cost and a long-run average cost curve being positively sloped and steep.
B) decreasing average total cost and low and increasing marginal cost.
C) decreasing average total cost and a long-run average cost curve being negatively sloped and steep.
D) increasing average total cost and large and increasing marginal cost.