Author Question: Costs in a natural monopoly are lower because there is only one producer. a. True b. False ... (Read 34 times)

melly21297 · **on:** Jun 30, 2018

Costs in a natural monopoly are lower because there is only one producer.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility implies that the marginal utility of my fifth hot dog is less than the marginal utility of my second soda, other things constant.
a. True
b. False
Indicate whether the statement is true or false