Average cost regulation of a natural monopoly: a. generates ...

[lilldybug07]

Average cost regulation of a natural monopoly:
 a. generates economic losses for the seller.
 b. necessitates a subsidy payment to the firm.
 c. creates incentives that tend to shift ATC curves in an upward direction.
  d. imposes a price that is less than marginal cost.

Question 2

Agreements to abolish most barriers to trade among nations are known as:
 a. collusive trade agreements.
  b. discriminatory trade agreements.
  c. neutral trade agreements.
  d. preferential trade agreements.
  e. retaliatory trade agreements.

[adf223]

Answer to Question 1

c

Answer to Question 2

d

[lilldybug07]

Thanks for the timely response, appreciate it

[adf223]

YES! Correct, THANKS for helping me on my review