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Large public water and sewer companies often become _____ monopolies because they benefit from economies of scale. Although the company faces high start-up costs, the firm experiences _____ average _____ as it expands and adds more customers. Smaller competitors would experience _____ average costs and would be less _____.

User DJTano
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Answer:

Large public water and sewer companies often become natural monopolies because they benefit from economies of scale. Although the company faces high start-up costs, the firm experiences decreasing average costs as it expands and adds more customers. Smaller competitors would experience increasing average costs and would be less competitive.

User Xjasz
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