Question: Suppose that the quantity demanded per day for a product is 90 when the price is $35. The following table shows costs for a firm

Suppose that the quantity demanded per day for a product is 90 when the price is $35. The following table shows costs for a firm with a monopoly in this market:

Quantity (per day) Total Cost

30................................................$1,200

40..................................................1,400

50..................................................2,250

60..................................................3,000

Briefly explain whether this firm has a natural monopoly.

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