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Author Question: Without any regulation, the natural monopolist will A) not produce any output. B) produce to the ... (Read 135 times)

Davideckstein7

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on: Jun 29, 2018
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.


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AaaA

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Davideckstein7

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Reply 2 on: Jun 29, 2018
Excellent

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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