Author Question: Which of the following would most likely be provided by a natural monopoly? A) Michigan Radio is ... (Read 64 times)

j.rubin · **on:** Jun 29, 2018

Which of the following would most likely be provided by a natural monopoly?

A) Michigan Radio is the state's most listened-to public radio service.
B) Sirius Satellite Radio is accessed through a subscription.
C) X96 is an alternative radio station out of Salt Lake City.
D) a Mariah Carey CD

Question 2

In monopolistic competition, in the long run firms have

A) a capacity shortage.
B) excess capacity.
C) an economic profit.
D) an economic loss.