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Author Question: A natural monopoly maximizes profits at the point at which price equals minimum average total cost. ... (Read 39 times)

ss2343

  • Hero Member
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  • Posts: 548
on: Jun 30, 2018
A natural monopoly maximizes profits at the point at which price equals minimum average total cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility states that total utility increases by smaller and smaller increments as more of a good is consumed.
 a. True
  b. False
  Indicate whether the statement is true or false


aadams68

  • Sr. Member
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  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

True


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