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Author Question: A natural monopoly regulated with an average cost pricing rule is ________. A) efficient and ... (Read 68 times)

c0205847

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on: Jun 29, 2018
A natural monopoly regulated with an average cost pricing rule is ________.
 
  A) efficient and incurs an economic loss
  B) inefficient and makes zero economic profit
  C) inefficient and makes an economic profit
  D) efficient and makes zero economic profit

Question 2

Health care costs rose more than 10 percent in 2011, according to a survey of insurers by Aon Consulting Worldwide. If the increase in costs solely comes from increased prices for MRI and X-ray machines, then for the health care industry
 
  A) fixed costs are increasing.
  B) long run average total cost is decreasing.
  C) productivity is increasing.
  D) variable costs are increasing.


steff9894

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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