For a natural monopoly, long-run average costs A) fall as ...

[cnetterville]

For a natural monopoly, long-run average costs
 
  A) fall as output increases.
  B) rise as output increases.
  C) fall as output falls.
  D) rise as output falls.

Question 2

Which of the following could best be categorized as a public good?
 
  A) an apartment in a public housing project
  B) a pumpkin pie
  C) public fireworks
  D) a race track

[pratush dev]

Answer to Question 1

A

Answer to Question 2

C

[cnetterville]

Thanks for the timely response, appreciate it

[zacnyjessica]

TYSM