In a natural monopoly, the long-run average cost curve declines ...

[student77]

In a natural monopoly, the long-run average cost curve declines and therefore average cost is lower when there is only one seller.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility implies that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant.
 a. True
  b. False
  Indicate whether the statement is true or false

[Bison]

Answer to Question 1

True

Answer to Question 2

True

[student77]

Excellent

[kswal303]

TYSM