Figure 8.13 -Consider an Unregulated Monopoly in Figure 8.13. Suppose That a That

Figure 8.13
-Consider an unregulated monopoly in Figure 8.13. Suppose that a second firm enters the market. As a result, if a natural monopoly is inevitable in this market

A) the demand curve facing each firm lies entirely above the long-run average cost curve.
B) the demand curve facing each firm lies entirely below the long-run average cost curve.
C) the demand curve facing each firm touches the long-run average cost curve at one point.
D) none of the above