This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a natural monopoly situation A) there are large economies of scale relative to demand. B) the ... (Read 127 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
In a natural monopoly situation
 
  A) there are large economies of scale relative to demand.
  B) the firm has an upward sloping average cost curve.
  C) producers try to differentiate their product with advertising.
  D) there is no need for government regulation.

Question 2

The legal system provided by the government is necessary for the smooth working of markets because
 
  A) it keeps criminals off of the streets.
  B) it defines and protects property rights.
  C) it is set up in the U.S. constitution.
  D) it ensures that producers maximize their profits.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I
Large Octopus Large Octopus
Oil Refineries Are Large and Complex Facilities Oil Refineries Are Large and Complex Facilities
Measuring Attachment Styles: The Strange Situation Experiment Measuring Attachment Styles: The Strange Situation Experiment
Natural defenses against stomach acid. Natural defenses against stomach acid.
pH Scale - Weak Acid and their conjugate Base pH Scale - Weak Acid and their conjugate Base
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library