239) A firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a
Answer is:
natural monopoly
Related Micro Economics MCQ (GK Set-1) with Answers
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marginal revenue equals marginal cost
Answer is:
In competitive markets, price equals marginal cost; in monopolized markets, price exceeds marginal cost
Answer is:
Thomson has a legally protected exclusive right to produce this textbook
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