Author Question: Natural gas is a natural monopoly. The figure shows the market for natural gas in the city of ... (Read 117 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
Natural gas is a natural monopoly. The figure shows the market for natural gas in the city of Lucknow. When an average cost price rule regulation is imposed, the price per household per month is ________.
 
  A) 30 and 20,000 household are served
  B) 10 and 40,000 household are served
  C) 25 and 20,000 household are served
  D) 20 and 30,000 households are served

Question 2

In the above figure, if the market is competitive and unregulated
 
  A) more than the efficient amount of output will be produced.
  B) less than the efficient amount of output will be produced.
  C) the efficient amount of output will be produced.
  D) the distribution of income will be fair.



KKcool

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

KKcool

  • Sr. Member
  • ****
  • Posts: 340

 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library