Economies of scale means that A) the average fixed cost curve ...

[RYAN BANYAN]

Economies of scale means that
 
  A) the average fixed cost curve slopes downward over its entire range.
  B) the four-firm concentration ratio is below 80.
  C) the long-run average total cost curve slopes downward over it entire range.
  D) the long-run total cost curve slopes downward over it entire range.

Question 2

A regulated natural monopolist allowed to earn a fair rate of return would produce to the point at which
 
  A) the price per unit equals the long-run average cost.
  B) the marginal revenue curve meets the long-run average cost curve.
  C) the marginal revenue curve meets the long-run marginal cost curve.
  D) the price per unit equals its marginal revenue.

[macagn]

Answer to Question 1

C

Answer to Question 2

A

[RYAN BANYAN]

Thank you

[macagn]

No problemo