Question 4 When a firm's average total cost curve continually declines, the firm is known as a natural monopoly. Also, a natural monopoly differs from other forms of monopoly because it O is generally not worried about competition eroding its monopoly position in the market O is not regulated by government O generally doesn't make a profit O is not subject to barriers to entry
Question 4 When a firm's average total cost curve continually declines, the firm is known as a natural monopoly. Also, a natural monopoly differs from other forms of monopoly because it O is generally not worried about competition eroding its monopoly position in the market O is not regulated by government O generally doesn't make a profit O is not subject to barriers to entry
Chapter1: Making Economics Decisions
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![Quèstion 4
When a firm's average total cost curve continually declines, the firm is known as a natural monopoly. Also, a natural monopoly differs from other forms of monopoly because it
O is generally not worried about competition eroding its monopoly position in the market
O is not regulated by government
O generally doesn't make a profit
O is not subject to barriers to entry](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01f33f44-9f96-4891-ae68-0486cbaab2a9%2F1d903ada-2b99-47cb-9619-ff89858a664d%2F2pleg66_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Quèstion 4
When a firm's average total cost curve continually declines, the firm is known as a natural monopoly. Also, a natural monopoly differs from other forms of monopoly because it
O is generally not worried about competition eroding its monopoly position in the market
O is not regulated by government
O generally doesn't make a profit
O is not subject to barriers to entry
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