Compare the 2014 unemployment rates and labor-force participation rates of whites, blacks, adults of prime working age (ages 25-54), and teenagers (ages 16-19)
For adults:
Adult white males have the highest labor-force participation rate. The labor force participation rates of White and Black females are similar, but both are lower than that of Black males. The unemployment rate of White males and White females are nearly the same. The unemployment rates for Black males and females are both much higher than for their White counterparts, but Black males have a higher unemployment rate than Black females.
For teenagers:
The labor-force participation rates for teenagers are dramatically lower than the labor-force participation rates for adults, regardless of race or gender. Both White males and White females have higher labor force participation rates than their Black counterparts. The unemployment rates for both Black males and Black females are higher than for their white counterparts. The unemployment rate for males is higher than for females for both races.
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Indicate whether the statement is true or false
Which of the following is a distinguishing feature of a natural monopoly?
a. A rising average total cost curve b. A declining average total cost curve c. A declining marginal cost curve d. A vertical average total cost curve