Scenario 14-2 Consider a Local,privately-Owned Electrical Cooperative Named Minny County Megawatts (MCM,LLC).MCM

Scenario 14-2
Consider a local,privately-owned electrical cooperative named Minny County Megawatts (MCM,LLC) .MCM has just completed a natural-gas-burning electrical power plant in the Midwest.Currently,MCM can meet the electricity needs of all residents in the county.In fact,its capacity far exceeds the needs of the county.After just a few years of operation,the shareholders of MCM experienced incredible rates of return on their investment due to the profitability of the corporation.
-Refer to Scenario 14-2.Which of the following statements is most likely to be true? (i) New entrants to the market know they will have a smaller market share than MCM currently has.
(ii) MCM is most likely experiencing rising marginal cost.
(iii) MCM is most likely experiencing declining average total cost.
(iv)
MCM is a natural monopoly.

A) (i) and (ii) only
B) (i) and (iii) only
C) (i) ,(iii) and (iv) only
D) (i) ,(ii) ,(iii) ,and (iv)