In average cost pricing, the natural monopoly would have to set price equal to
A. average total cost.
B. marginal cost.
C. average fixed cost.
D. average variable cost.
Answer: A
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a. True b. False Indicate whether the statement is true or false
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A. budget surplus. B. trade deficit. C. budget deficit. D. trade surplus.
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A. use relatively less labor. B. increase all inputs proportionately. C. decrease all inputs proportionately. D. use relatively more labor.