Which industries is likely to be a decreasing-cost industry

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Reference no: EM13825644

Questions-

1. Which of the following industries is likely to be a decreasing-cost industry?

A) Textiles

B) Energy

C) Beer

D) cell phones

2. Utilities have traditionally been considered natural monopolies due to a lack of economies of scale.

A) True

B) False

Additional Information-

These multiple choice questions belong to Economics. The first question is about decreasing cost industry and the second question is about finding true or false for a statement about utilities being considered natural monopolies.

Reference no: EM13825644

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