A natural monopoly occurs when the quantity demanded is ________ the minimum quantity it takes to be at the bottom of the long-run average cost curve.
A. greater than
B. less than
C. equal to
D. a or c above
Answer:B
A natural monopoly occurs when the quantity demanded is ________ the minimum quantity it takes to be at the bottom of the long-run average cost curve.
A. greater than B. less than C. equal to D. a or c above
Explanation: 17. By 2007, US market deregulation has proven to be most toxic to the overall health of the US economy in the ________________________ .