Author Question: Natural gas is a natural monopoly. The figure shows the market for natural gas in the city of ... (Read 159 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?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library