Author Question: Which is the best example of specialization? A) a high school math teacher who teaches only ... (Read 179 times)

MirandaLo · **on:** Jun 29, 2018

Which is the best example of specialization?

A) a high school math teacher who teaches only calculus
B) a firm that produces both luggage and cooking oil
C) a person whose job includes accounting, personnel, and maintenance tasks
D) a high school math teacher who teaches algebra and calculus

Question 2

If government regulators make the natural monopolist set price equal to marginal cost

A) the natural monopolist will make zero economic profits.
B) the natural monopolist will make normal profits.
C) the natural monopolist will make losses and go out of business.
D) the natural monopolist will make positive economic profits larger than if it wasn't regulated at all.