Identify which of the following statements is always true


Identify which of the following statements is always true for a natural monopoly as the number of units produced (output) increases.

Marginal cost declines.

Average fixed cost declines.

Average fixed cost remains constant.

Average total cost falls while average fixed cost increases.

Average variable cost diminishes.

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Business Economics: Identify which of the following statements is always true
Reference No:- TGS01119658

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