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Author Question: Which of the following is TRUE of a natural monopoly? A) Its long-run average cost curve slopes ... (Read 68 times)

elizabeth18

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on: Jun 29, 2018
Which of the following is TRUE of a natural monopoly?
 
  A) Its long-run average cost curve slopes upward as it intersects the demand curve.
  B) Economies of scale exist to only a very low level of output.
  C) Economies of scale allow one firm to supply the entire market at the lowest possible cost.
  D) The firm is not protected by any barrier to entry.

Question 2

If two variables are positively related, then
 
  A) they move in opposite directions.
  B) they are independent of each other.
  C) they move in the same direction.
  D) their graph will have a negative slope.


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mmj22343

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

C

Answer to Question 2

C


elizabeth18

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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