This topic contains a solution. Click here to go to the answer

Author Question: The LRAC curve generally is A) shaped as an upside-down U. B) U-shaped. C) upward sloping. D) ... (Read 78 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
The LRAC curve generally is
 
  A) shaped as an upside-down U.
  B) U-shaped.
  C) upward sloping.
  D) downward sloping.

Question 2

If the regulator wanted to maximize the total surplus in a natural monopoly market, the regulator has the firm set its price equal to its
 
  A) average fixed cost.
  B) average total cost.
  C) average variable cost.
  D) marginal cost.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trampas

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

B

Answer to Question 2

D




soccerdreamer_17

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Excellent


adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

For a complete list of videos, visit our video library