Do the marginal cost and average cost slope downwards in the whole diagram?
Does marginal cost of a natural monopoly ever go upwards? watch
- Thread Starter
- 15-05-2016 16:02
- 15-05-2016 22:46
Yes they do because in a natural monopoly the fixed costs are so high that the greater the output the more spread these costs become so lowering the cost per unit continuously.