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A firm with a natural monopoly exhibits the following as its output increases: a. decrease in marginal revenue 2. increase in marginal cost c. decrease in average revenue d. decreasing average

A firm with a natural monopoly exhibits the following as its output increases:

a. decrease in marginal revenue 

2. increase in marginal cost 

c. decrease in average revenue 

d. decreasing average total cost

May 11 2021 View more View Less

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