Author Question: A market in which a firm emerges as a monopoly due to large economies of scale is referred to as: ... (Read 135 times)

tsand2 · **on:** Jun 29, 2018

A market in which a firm emerges as a monopoly due to large economies of scale is referred to as:

A) a natural monopoly.
B) a regulated monopoly.
C) a legal monopoly.
D) an exclusive monopoly.

Question 2

Refer to the scenario above. Suppose the decision to levy a tax on emission of greenhouse gases costs 500 utils in present value and that the discount weight attached to the future benefit is 1/17.

In this case, the net benefit earned by the people is: A) -300 utils.
B) -441.18 utils.
C) 333.65 utils.
D) 420 utils.