Suppose that the quantity demanded per day for a product is 120 when the price is $35. The following table shows costs for a firm with a monopoly in this market. Quantity (Per Day) Total Cost 60 $1,500 80 1,600 100 3,000 120 6,000 Briefly explain whether this firm has a natural monopoly in this market. O'A. This firm does not have a natural monopoly because it produces at higher average total cost than two or more firms would. O B. This firm does not have a natural monopoly because the total cost of production increases with output. O C. This firm has a natural monopoly because the total cost of production increases with output. O D. This firm has a natural monopoly because it is experiencing economies of scale. O E. This firm has a natural monopoly because it produces at lower average total cost than two or more firms would. Time Remaining: 02:15:27 Nex