A natural monopoly exists when one large firm can produce a ...

[jhjkgdfhk]

A natural monopoly exists when one large firm can produce a product at a lower per unit cost than can smaller firms.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a laborer in Mexico can produce 2 bushels of wheat or 4 bushels of corn in a day, the opportunity cost of producing wheat is 4 bushels of corn.
 a. True
  b. False
  Indicate whether the statement is true or false

[cclemon1]

Answer to Question 1

True

Answer to Question 2

False

[jhjkgdfhk]

TYSM

[mammy1697]

Gracias!