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For a natural monopolist, _____ throughout the range of market demand. a. there exist diseconomies of scale b. average cost remains constant c. marginal cost

For a natural monopolist, _____ throughout the range of market demand.

a.

there exist diseconomies of scale

b.

average cost remains constant

c.

marginal cost exceeds average cost

d.

average cost decreases

e.

average cost increases

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