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Author Question: In a natural monopoly situation A) there are large economies of scale relative to demand. B) the ... (Read 119 times)

stevenposner

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on: Jun 29, 2018
In a natural monopoly situation
 
  A) there are large economies of scale relative to demand.
  B) the firm has an upward sloping average cost curve.
  C) producers try to differentiate their product with advertising.
  D) there is no need for government regulation.

Question 2

The legal system provided by the government is necessary for the smooth working of markets because
 
  A) it keeps criminals off of the streets.
  B) it defines and protects property rights.
  C) it is set up in the U.S. constitution.
  D) it ensures that producers maximize their profits.


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Shshxj

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

A

Answer to Question 2

B


stevenposner

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Reply 2 on: Jun 29, 2018
Wow, this really help

nyrave

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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