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Author Question: A natural monopoly exists whenever economies of scale are very extensive. a. True b. False ... (Read 54 times)

dbose

  • Hero Member
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  • Posts: 597
on: Jun 30, 2018
A natural monopoly exists whenever economies of scale are very extensive.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility states that marginal utility must diminish after the first unit of consumption of every good or service.
 a. True
  b. False
  Indicate whether the statement is true or false


emilymalinowski12

  • Sr. Member
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  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


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