Suppose a firm has a variable cost function VC = 20Q with avoidable fixed cost of $50,000. What kind of firm is this?
A. This firm is a natural monopoly because as Q rises, AC falls.
B. This firm is a natural monopoly because as Q rises, AC rises.
C. This firm is a natural monopoly because as Q rises, VC falls.
D. This firm is a natural monopoly because as Q rises, VC rises.
A. This firm is a natural monopoly because as Q rises, AC falls.
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What is one reason drunk driving is held in such disrepute?
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a. true b. false
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