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Author Question: Suppose that a regulatory agency has imposed marginal cost pricing on a natural monopolist. We ... (Read 79 times)

sabina

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Suppose that a regulatory agency has imposed marginal cost pricing on a natural monopolist. We expect that
 
  A) the firm will earn only a normal profit.
  B) the firm's average total cost of production is rising over the relevant range of production.
  C) the firm will earn economic profits.
  D) the firm will eventually go out of business.

Question 2

Which of the following causes a movement along a supply curve?
 
  A) a change in resource costs
  B) a change in technology
  C) a change in the price
  D) all of the above


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cupcake16

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sabina

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


kilada

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Reply 3 on: Yesterday
:D TYSM

 

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