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Author Question: An average cost pricing rule for a natural monopoly sets the price ________ the marginal cost, ... (Read 191 times)

student77

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on: Jun 29, 2018
An average cost pricing rule for a natural monopoly sets the price ________ the marginal cost, thereby ________ a deadweight loss.
 
  A) below; avoiding
  B) below; creating
  C) above; avoiding
  D) above; creating

Question 2

Perfectly competitive firms are price takers.
 
  Indicate whether the statement is true or false


Brummell1998

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

D

Answer to Question 2

TRUE


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