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Author Question: In a natural monopoly, the long-run average cost curve declines and therefore average cost is lower ... (Read 43 times)

student77

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In a natural monopoly, the long-run average cost curve declines and therefore average cost is lower when there is only one seller.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility implies that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant.
 a. True
  b. False
  Indicate whether the statement is true or false



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Bison

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Answer to Question 1

True

Answer to Question 2

True




student77

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


ASDFGJLO

  • Member
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Reply 3 on: Yesterday
Excellent

 

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