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Author Question: A. What is the defining characteristic of a natural monopoly? b. Should the government break up a ... (Read 64 times)

V@ndy87

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on: Jun 29, 2018
a. What is the defining characteristic of a natural monopoly?
 
  b. Should the government break up a natural monopoly into two or more firms to make the industry more competitive?
  c. Suppose the government wants to ensure that some of the benefits of declining average total cost are passed on to consumers. To achieve this goal, it requires that the natural monopoly set its price equal to marginal cost. Is this a feasible goal? Explain.
  d. What is an alternative to marginal cost pricing that ensures that consumers reap some of the benefits of declining average total cost?

Question 2

The invention of the cotton gin ushered in the Industrial Revolution and began a long period of technological innovation. What did this technological change do the short-run supply curve?
 
  A) It moved the economy up along a stationary short-run aggregate supply curve.
  B) It shifted the short-run aggregate supply curve to the left.
  C) It moved the economy down along a stationary short-run aggregate supply curve.
  D) It shifted the short-run aggregate supply curve to the right.
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joewallace

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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V@ndy87

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

xiazhe

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Reply 3 on: Yesterday
Wow, this really help

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