https://www.economist.com/business/2021/01/23/chipmaking-is-being-redesigned-effects-will-be-far-reaching?utm_source=pinterest&utm

What is the peculiar shape of a natural monopolists average total cost (ATC) curve, and what is the cause of that unusual shape? Fully explain why this type of ATC curve is likely to result in a natural monopoly, and draw a contrast between the ATC curve of a natural monopolist and that of a typical firm in a competitive industry.