« previous next »

Author Question: For a natural monopoly, if price is set equal to marginal cost then the firm incurs an economic ... (Read 109 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
For a natural monopoly, if price is set equal to marginal cost then the firm incurs an economic loss.
 
  Indicate whether the statement is true or false

Question 2

Using average cost pricing to regulate a natural monopoly creates a deadweight loss.
 
  Indicate whether the statement is true or false


zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Ebrown

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jun 29, 2018
Correct answers!


zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

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

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Patients of all socioeconomic backgrounds should be given equal care. Patients of all socioeconomic backgrounds should be given equal care.
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
economic question economic question
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library