siriuskitwilson7551 siriuskitwilson7551
  • 06-07-2024
  • Business
Answered

In an industry characterized by a Natural Monopoly, the LRATC (Long-Run Average Total Cost) is:

a) Horizontal
b) Downward sloping
c) Has a "U" shape
d) Vertical
e) Upward sloping



Answer :

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