Author Question: An average cost pricing rule for a natural monopoly sets the price ________ the marginal cost, ... (Read 266 times)

student77

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An average cost pricing rule for a natural monopoly sets the price ________ the marginal cost, thereby ________ a deadweight loss.
 
  A) below; avoiding
  B) below; creating
  C) above; avoiding
  D) above; creating

Question 2

Perfectly competitive firms are price takers.
 
  Indicate whether the statement is true or false



Brummell1998

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Answer to Question 1

D

Answer to Question 2

TRUE



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