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A natural monopoly always has A. a downward sloping long run average cost curve. B. a downward sloping marginal cost curve. C. its profit maximization point where price = marginal cost. D. patent rights.
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19 votes
19 votes
A natural monopoly always has

A. a downward sloping long run average cost curve.
B. a downward sloping marginal cost curve.
C. its profit maximization point where price = marginal cost.
D. patent rights.
A. a downward sloping long run average cost curve.

User Hagope
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2 Answers

19 votes
19 votes

Answer: a downward sloping long run average cost curve.

User Pansen
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3.2k points
22 votes
22 votes
A.) a download sloping long run average cost curve.

Show graphically how they chose this price. Answer: Typically natural monopoly graph with MC=zero.
User Andrew Shore
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2.8k points
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