Which of the following is a characteristic of a natural monopoly?

a. average cost exceeds marginal cost over large regions of output.
b. increasing the number of firms increases each firm’s average total cost.
c. one firm can supply output at a lower cost than two firms.
d. all of the above are correct.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: