Why marginal cost curve of a natural monopoly lies below, Microeconomics

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Why marginal cost curve of a natural monopoly lies below

Problem

Explain why the marginal cost curve of a natural monopoly lies below its average cost curve. What are the consequences of this?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why marginal cost curve of a natural monopoly lies below

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Microeconomics: Why marginal cost curve of a natural monopoly lies below

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