Author Question: One difficulty associated with average cost pricing regulation of natural monopolies is that firms ... (Read 54 times)

Sufayan.ah · **on:** Jun 30, 2018

One difficulty associated with average cost pricing regulation of natural monopolies is that firms have little or no incentive to minimize production costs.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If Brazil can produce 5 shirts or 4 pounds of beef in a day, and Uruguay can produce 10 shirts or 2 pounds of beef in a day, then Brazil has a comparative advantage in the production of beef.
a. True
b. False
Indicate whether the statement is true or false