A natural monopoly describes a situation in which one firm is able to produce the output for an industry at a lower average total cost than if there were multiple firms

 A natural monopoly describes a situation in which one firm is able to produce the output for an industry at a lower average total cost than if there were multiple firms. Therefore, if a natural monopoly is broken apart into different firms, average total cost must increase. True False Question 2 1 pts Assume that a monopoly is producing 380 units of output. Its total profit at this output is $81,700. If the selling price is $540, what is the firm's ATC? $325 $280 $385 $345 This question cannot be answered without more information. None of the answers listed is correct.