A natural monopoly has a declining ________ over a large range of output

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Question:

A natural monopoly has a declining ________ over a large range of output

A.

long run marginal cost

B.

short run marginal cost

C.

long run average cost

D.

long run marginal cost

Answer» c. long run average cost

Note: The above multiple-choice question is for all general and Competitive Exams in India.