A natural monopoly maximizes profits at the point at which price ...

[ss2343]

A natural monopoly maximizes profits at the point at which price equals minimum average total cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility states that total utility increases by smaller and smaller increments as more of a good is consumed.
 a. True
  b. False
  Indicate whether the statement is true or false

[aadams68]

Answer to Question 1

False

Answer to Question 2

True