a. The equilibrium price of a tucn ujul ul Bach truck, what can Weu decrease by

Question

a. The equilibrium price of a tucn ujul ul Bach truck, what can Weu decrease by exactly sshPrice c. The equilibrium price of a true will decrease by less than 5500 d. The equilibrium price of a 41. What is the defining characteris ll happen to the will by less than $500 ck wi by exactly $500 ncrease by exactly $500 Ulastic.I a. b. truc e defining characteristic of a natural mon constant average fixed costs over the relevant r output b. constant returns to scale over the relevant range of tant marginal cost over the relevant ranpe d increasing returns to scale over the relevant age of output. range of range of output range of output

Explanation / Answer

The defining characteristics of a natural monopoly is, increasing return to scale over the relevant range of output.

So answer is option (d)

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