Exhibit 9.1 -Refer to Exhibit 9.1,which Shows the Long-Run Average Cost of Long-Run

Multiple Choice

Exhibit 9.1

-Refer to Exhibit 9.1,which shows the long-run average cost of a firm.The downward-sloping long-run average cost curve indicates the firm is _____

A) a technological monopoly.
B) a natural monopoly.
C) a government-created monopoly.
D) an economic monopoly.
E) a geographic monopoly.