When an industry is a natural monopoly:
a. it is characterized by constant returns to s...
Business, 23.11.2019 02:31 esanchez2002fcb
When an industry is a natural monopoly:
a. it is characterized by constant returns to scale
b. it is characterized by diseconomies of scale
c. a larger number of firms may lead to a lower average cost
d. a larger number of firms will lead to a higher average cost
Answers: 1
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