The average cost curve for a natural monopoly is downward sloping where it intersects the market ...

Author Question: The average cost curve for a natural monopoly is downward sloping where it intersects the market ... (Read 174 times)

j.rubin

Hero Member
Posts: 557

on: Jun 30, 2018

The average cost curve for a natural monopoly is downward sloping where it intersects the market demand curve.
a. True
b. False

Question 2

Average revenue for a perfectly competitive firm is equal to
a. price times output
b. marginal revenue
c. total revenue/marginal revenue
d. output/total revenue
e. zero

karlss

Sr. Member
Posts: 321

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

B

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j.rubin

Hero Member
Posts: 557

Reply #2 on: Jun 30, 2018

Thank you

karlss

Sr. Member
Posts: 321

Reply #3 on: Jun 30, 2018

Happy to help you

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