Questions-
1. Natural monopoly is common in which of the following industries?
A) public utilities
B) farming industries
C) automobile industries
D) processed food industries
2. Marginal cost is equal to the change in:
A) average variable cost divided by the change in total output.
B) total fixed cost divided by the change in total output.
C) total variable cost divided by the change in total output.
D) average total cost divided by the change in total output.
Additional Information-
These multiple choice questions are belonging to Economics. The first question is about natural monopoly and the second question is about marginal cost being equal to a change.