Because of economies of scale,throughout the range of market demand,natural monopolies have _____
A) downward-sloping long-run average cost curves.
B) upward-sloping long-run average total cost curves.
C) upward-sloping short-run average cost curves.
D) upward-sloping short-run average total cost curves.
E) horizontal long-run average cost curves.
Correct Answer:
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