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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.
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