A regulated monopoly facing average cost pricing rule will make ...

[Jipu 123]

A regulated monopoly facing average cost pricing rule will make the same profit as a firm in ________ market does in the long run.
 
  A) an unregulated monopoly
  B) an oligopoly
  C) a perfectly competitive
  D) All of the above answers are correct.

Question 2

You are studying with a friend and your friend says A budget line shows the various combinations of two goods that can be purchased with the buyer's income at current prices. Is your friend's assessment correct or not?
 
  What will be an ideal response?

[peter]

Answer to Question 1

C

Answer to Question 2

Your friend's description of the budget line is accurate.

[Jipu 123]

Thanks for the timely response, appreciate it

[bulacsom]

YES! Correct, THANKS for helping me on my review