This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a natural monopoly situation A) there are large economies of scale relative to demand. B) the ... (Read 130 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
In a natural monopoly situation
 
  A) there are large economies of scale relative to demand.
  B) the firm has an upward sloping average cost curve.
  C) producers try to differentiate their product with advertising.
  D) there is no need for government regulation.

Question 2

The legal system provided by the government is necessary for the smooth working of markets because
 
  A) it keeps criminals off of the streets.
  B) it defines and protects property rights.
  C) it is set up in the U.S. constitution.
  D) it ensures that producers maximize their profits.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
Wow, this really help

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Managing large bands of grazing animals requires detailed knowledge of local landscapes, especially Managing large bands of grazing animals requires detailed knowledge of local landscapes, especially
Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
Large Mouse-Ear Hawkweed Large Mouse-Ear Hawkweed
Growth in Open Economies Growth in Open Economies
Tornado Intensity – Enhanced Fujita Scale Tornado Intensity – Enhanced Fujita Scale
Relative lifetime risk of schizophrenia Relative lifetime risk of schizophrenia
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library