« previous next »

Author Question: For a natural monopoly to exist A) a firm must continually buy up its rivals. B) a firm must ... (Read 97 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
For a natural monopoly to exist
 
  A) a firm must continually buy up its rivals.
  B) a firm must have a government-imposed barrier.
  C) a firm's long-run average cost curve must exhibit diseconomies of scale beyond the economically efficient output level.
  D) a firm's long-run average cost curve must exhibit economies of scale throughout the relevant range of market demand.

Question 2

The demand curve for a Giffen good is
 
  A) non-existent. B) upward sloping.
  C) non-linear but downward sloping. D) vertical.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Continuous variation in a natural population Continuous variation in a natural population
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Natural Products Natural Products
Natural Settings Natural Settings
The term “natural,” when used on the packaging of meat and poultry The term “natural,” when used on the packaging of meat and poultry
Responses to artificial and natural selection Responses to artificial and natural selection
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library