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Author Question: The LRAC curve generally is A) shaped as an upside-down U. B) U-shaped. C) upward sloping. D) ... (Read 98 times)

soccerdreamer_17

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on: Jun 29, 2018
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.


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trampas

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


soccerdreamer_17

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  • Posts: 552
Reply 2 on: Jun 29, 2018
Wow, this really help

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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