« previous next »

Author Question: For a natural monopoly to exist A) a firm must continually buy up its rivals. B) a firm must ... (Read 86 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?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Natural Capital Natural Capital
Action! Children love to talk about the actions of adults and animals, which provides a natural way ... Action! Children love to talk about the actions of adults and animals, which provides a natural way ...
This CNG pump is capable of supplying compressed natural gas at either 3,000 PSI or 3,600 PSI. The ... This CNG pump is capable of supplying compressed natural gas at either 3,000 PSI or 3,600 PSI. The ...
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Some drugs are still derived from natural sources Some drugs are still derived from natural sources
The consequences of the intensity of natural selection on allele frequency. The consequences of the intensity of natural selection on allele frequency.
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library