Without any regulation, the natural monopolist will A) not ...

[Davideckstein7]

Without any regulation, the natural monopolist will
 
  A) not produce any output.
  B) produce to the point at which P = ATC.
  C) produce less output than it would if the industry was purely competitive.
  D) have an upward-shifting average cost curve.

Question 2

Positive analysis can be described as
 
  A) the study of whether people respond to positive incentives.
  B) the study of whether people respond to negative incentives.
  C) a value-free approach to inquiry.
  D) a study that is not tested empirically.

[AaaA]

Answer to Question 1

C

Answer to Question 2

C

[Davideckstein7]

Excellent

[mjenn52]

Thanks for the timely response, appreciate it