A natural monopoly has a. constant average costs cost over the ...

[123654777]

A natural monopoly has
 a. constant average costs cost over the relevant range of output.
  b. economies of scale over the relevant range of output.
 c. constant returns to scale over the relevant range of output.
  d. diseconomies of scale over the relevant range of output.

Question 2

Preferential trade agreements have a beneficial trade-diversion effect when they reduce prices for traded goods and stimulate the volume of international trade.
 a. True
  b. False
  Indicate whether the statement is true or false

[Liddy]

Answer to Question 1

b

Answer to Question 2

False

[123654777]

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[AISCAMPING]

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