What is meant by the phrase, There is no such thing as a free ...

[mcmcdaniel]

What is meant by the phrase, There is no such thing as a free lunch?
 
  What will be an ideal response?

Question 2

The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. If Light-U-Up is unregulated, it will produce ________ and sell at a price of ________.
 
  A) 200 kwh; 10 per kwh
  B) 200 kwh; 30 per kwh
  C) 300 kwh; 20 per kwh
  D) 400 kwh; 10 per kwh

[Christopher]

Answer to Question 1

Markets are generally efficient, which implies that profit opportunities are eliminated quickly.

Answer to Question 2

B

[mcmcdaniel]

Thanks for the timely response, appreciate it

[bulacsom]

Excellent