« previous next »

Author Question: For a natural monopoly to exist A) a firm must continually buy up its rivals. B) a firm must ... (Read 95 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?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Dentition, as illustrated in Knight's Sketches in Natural History Dentition, as illustrated in Knight's Sketches in Natural History
Natural Hazards Natural Hazards
Oil and Natural Gas Production from More Wells in Smaller Areas Oil and Natural Gas Production from More Wells in Smaller Areas
Structural similarities between antimetabolites and their natural counterparts. Structural similarities between antimetabolites and their natural counterparts.
Stages of Natural Fetal Birth "مراحل الولادة الطبيعية" Stages of Natural Fetal Birth "مراحل الولادة الطبيعية"
Beer is made from the fermentation of yeast and the natural sugars from grains Beer is made from the fermentation of yeast and the natural sugars from grains
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library