Author Question: For a natural monopoly, long-run average costs A) fall as output increases. B) rise as output ... (Read 77 times)

cnetterville · **on:** Jun 29, 2018

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