In the case of a natural monopoly as the number of firms in, Microeconomics

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In the case of a natural monopoly as the number of firms in

In the case of a natural monopoly, as the number of firms in the industry increases, the average cost of producing a:

fixed number of units decreases.

fixed number of units stays the same.

variable number of units stays the same.

fixed number of units increases.

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Microeconomics: In the case of a natural monopoly as the number of firms in

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