Increasing Competition in a Market Characterized by Natural Monopoly Would

Multiple Choice

Increasing competition in a market characterized by natural monopoly would:

A) increase output and lower prices,increasing efficiency in production.
B) result in an inefficient outcome as the real cost of production will be too high.
C) increase the number of units sold as well as the profits of the monopolist.
D) lower the average cost of production for all firms in the market.