In the case of a natural monopoly as the number of firms in, Ask an Expert

Economics

In the case of a natural monopoly, as the number of firms in the industry increases, the average cost of producing a:

fixed number of units decreases.

fixed number of units stays the same.

variable number of units stays the same.

fixed number of units increases.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236809

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