Question: What is the feature of a natural Monopoly?
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a.The monopoly controls the supply of its row materials
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b.Diseconomies of sale set in a low level of output
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c.The monopoly products a product that has no close substitute
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d.Average costs fall over the entire range of output
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e.None of the above
Answer: d
 The monopoly controls the supply of its row materials b) Diseconomies of sale set in a low level of output c) The monopoly products a product that has no close substitute d) Average costs fall over the entire range of output e) None of the above Ans. d) Average costs fall over the entire range of output
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