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The firm shown in the diagram above is a natural monopoly because:a. the average total cost is above the socially optimal quantityb. the demand curve

The firm shown in the diagram above is a "natural monopoly" because:a. the average total cost is above the socially optimal quantityb. the demand curve is sloping upwardc. the demand curve is above the marginal revenue curved. the firm can maximize profit at any output levele. the firm can charge different prices to different consumers

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PRICE Average Total Cost Marginal Cost Demand Q, (1 21 Q4 Q QUANTITY Murginal Revenue 12. The firm shown in the diagram above is a "natural monopoly" because: a. the average total cost is above the socially optimal quantity b. the demand curve is sloping upward c. the demand curve is above the marginal revenue curve d. the firm can maximize profit at any output level e. the firm can charge different prices to different consumers

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