Question #217630
Which of the following would we not associate with a natural monopoly?
A. Increasing average costs as the scale of operation increases
B. Large scale of operation
C. Large fixed costs
D. The ability to influence market price
A. Increasing average costs as the scale of operation increases
B. Large scale of operation
C. Large fixed costs
D. The ability to influence market price
Expert's answer
C. Large fixed costs
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