Fixed costs are ________ in a natural monopoly, so average total cost ________ as output increases
A) large; increases
B) large; decreases
C) small; increases
D) small; decreases
E) nonexistent; decreases
B
Economics
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A. 13 B. 0 C. 4 D. 9
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Answer the following statement true (T) or false (F)
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A. unemployment will be at the natural rate. B. there will be only underemployment. C. there will be no unemployment. D. workers will underestimate the real wage.
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