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What Is the Defining Characteristic of a Natural Monopoly

Question 1

Multiple Choice
What is the defining characteristic of a natural monopoly A)constant marginal cost over the relevant range of output B)constant average fixed costs over the relevant range of output C)constant returns to scale over the relevant range of output D)economies of scale over the relevant range of output

What is the defining characteristic of a natural monopoly


A) constant marginal cost over the relevant range of output
B) constant average fixed costs over the relevant range of output
C) constant returns to scale over the relevant range of output
D) economies of scale over the relevant range of output

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