This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the local cable TV company is a natural monopoly and required by regulators to set its price ... (Read 60 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
If the local cable TV company is a natural monopoly and required by regulators to set its price equal to marginal cost, there is a deadweight loss in the market and the firm might need a government subsidy to survive.
 
  Indicate whether the statement is true or false

Question 2

If the local cable TV company is a natural monopoly and required by regulators to set its price equal to marginal cost, it makes zero profit and produces the efficient level of output.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

FALSE


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

A Natural Oil Seep A Natural Oil Seep
Selected Local Anesthetics Selected Local Anesthetics
Low (or No) Natural Growth Low (or No) Natural Growth
Some drugs are still derived from natural sources Some drugs are still derived from natural sources
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library