5.3k views
4 votes
What is the name of the monopolist having a declining long-run average cost throughout the market?

User Sajan Rana
by
7.9k points

1 Answer

1 vote
The appropriate response is a Natural monopoly, it is a sort of imposing a business model that exists thus of the high repaired expenses or begin expenses of working a business in a particular industry. Furthermore, normal imposing business models can emerge in ventures that require one of a kind crude materials, innovation or other comparative variables to work.
User Redochka
by
7.6k points