If the OpenTable Website was a natural monopoly,its
A)marginal cost curve would still be declining when it crossed the demand curve.
B)average total cost curve would still be declining when it crossed the demand curve.
C)marginal revenue curve wold be the same as its demand curve.
D)marginal revenue curve would be horizontal.

Question

Quizplus · Accepted Answer

In a natural monopoly, the average total cost curve is still declining when it crosses the demand curve, indicating that the firm can supply the entire market at a lower cost than multiple firms could.

If the OpenTable Website Was a Natural Monopoly,its