In case of natural monopoly
i. C(q1 + q2) < (q1) + C(q2)
ii. \(\rm \frac{C(q)}{q}>\frac{C(q+\Delta q)}{q+\Delta q}\)
iii. \(\rm \frac{C(q)}{q}<\frac{C(q+\Delta q)}{q+\Delta q}\)
iv. C(q1 + q2) > (q1) + C(q2)
Choose the correct option:
1
Only (i) and (ii)
2
Only (i) and (iii)
3
Only (iii) and (iv)
4
Only (iv)