« previous next »

Author Question: Natural monopolies form when a. small firms merge to form larger firms b. one firm has control ... (Read 84 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Natural monopolies form when
 a. small firms merge to form larger firms
  b. one firm has control over the entire supply of a basic input required to produce the product
  c. one firm's monopoly position is created and enforced by the government
  d. one firm receives patent protection for certain basic production processes
  e. long-run average cost declines as a firm expands output

Question 2

A wage offer that is above the market wage, intended to avoid the adverse selection problem, is called a(n)
 a. efficiency wage
  b. union wage
  c. selection wage
  d. spurious wage
  e. opportunity cost wage


Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Actions of regulatory transcription factors and small effector molecules Actions of regulatory transcription factors and small effector molecules
Varicella or chickenpox, a viral skin infection. In this photograph, the rash is beginning to form s Varicella or chickenpox, a viral skin infection. In this photograph, the rash is beginning to form s
Uranus's southern hemisphere in approximate natural colour (left) and in shorter wavelengths (r Uranus's southern hemisphere in approximate natural colour (left) and in shorter wavelengths (r
Example of an employee performance evaluation form. Example of an employee performance evaluation form.
Sympathetic control of adrenal gland. Sympathetic control of adrenal gland.
Control of urination. Control of urination.
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library