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Loraine Loraine
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8 years ago
For a natural monopoly, economies of scale
A) exist along the long-run average cost curve at least until it crosses the market demand curve.
B) and diseconomies of scale exist along the long-run average cost curve at least until it crosses the market demand curve.
C) lead to a legal barrier to entry.
D) as well as constant returns to scale and diseconomies of scale exist along the long-run average cost curve at least until it crosses the market demand curve.
E) are totally absent.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
My pleasure Happy Dummy
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