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Author Question: The average cost curve for a natural monopoly is downward sloping where it intersects the market ... (Read 177 times)

j.rubin

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on: Jun 30, 2018
The average cost curve for a natural monopoly is downward sloping where it intersects the market demand curve.
 a. True
  b. False

Question 2

Average revenue for a perfectly competitive firm is equal to
 a. price times output
  b. marginal revenue
  c. total revenue/marginal revenue
  d. output/total revenue
  e. zero


karlss

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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j.rubin

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Reply #2 on: Jun 30, 2018
Thank you :)


karlss

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Reply #3 on: Jun 30, 2018
Happy to help you


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