70.1k views
5 votes
When a firm experiences continually declining average total costs, the firm is a?

1 Answer

6 votes

When the firm is to experience a declining average in total cost and are continually occurring, this is referred to be the natural monopoly. The natural monopoly usually happens when there is need of startup cost in a business and it will exist because of the result provided by it.

User Trippedout
by
7.4k points

No related questions found