A natural monopoly will always operate in the region of the long run average total cost curve where the cost per unit is constant.

Name: A natural monopoly will always operate in the region of the long run average total cost curve where the cost per unit is constant.
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Question

A natural monopoly will always operate in the region of the long run average total cost curve where the cost per unit is constant.
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Quizplus · Accepted Answer

A natural monopoly typically operates in the region of the long run average total cost curve where the cost per unit is decreasing, due to economies of scale.

A Natural Monopoly Will Always Operate in the Region of the Long