A perfectly competitive firm produces so that its marginal cost ...

[Zulu123]

A perfectly competitive firm produces so that its marginal cost equals the price.
 
  Indicate whether the statement is true or false

Question 2

Under an average cost pricing rule, a regulated natural monopoly ________ and there is ________.
 
  A) makes an economic profit; a deadweight loss
  B) makes zero economic profit; no deadweight loss
  C) makes zero economic profit; a deadweight loss.
  D) incurs an economic loss; no deadweight loss

[stano32]

Answer to Question 1

TRUE

Answer to Question 2

C

[Zulu123]

Excellent

[Perkypinki]

Thanks for the timely response, appreciate it