Which statement is true?

A) The monopolist usually operates at the minimum point of its ATC.
B) Nearly all monopolies are very large firms.
C) Most natural monopolies produce agricultural products or natural resources.
D) None of these statements are true.

Natural Monopolies

Situations where a single firm can supply a good or service to an entire market at a lower cost than could multiple firms.

ATC

Average Total Cost, which is the sum of all production costs divided by the quantity of output produced, incorporating both fixed and variable costs.

Agricultural Products

Goods derived from farming and agriculture, including crops and livestock.