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Natural Monopoly
Автор: Chris Thomas
Загружено: 2013-11-10
Просмотров: 5871
Описание: Firms that are referred to as natural monopolies enjoy such strong cost advantages to being big and powerful that their marginal cost curve never starts sloping upward. In these cases marginal cost is constant and MC=ATC. However, marginal cost doesn't technically have to be constant. A natural monopoly is very inefficient because they are NOT producing at the socially optimal level.
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