« previous next »

Author Question: If a firm is a natural monopoly, its a. long-run average cost declines over the full range of ... (Read 66 times)

abern

  • Hero Member
  • *****
  • Posts: 533
on: Jun 30, 2018
If a firm is a natural monopoly, its
 a. long-run average cost declines over the full range of market demand
  b. long-run average cost increases over the full range of market demand
  c. fixed cost declines over the full range of market demand
  d. fixed cost increases over the full range of market demand
  e. long-run average cost declines and marginal cost rises over the full range of market demand

Question 2

By paying a higher-than-market wage, a firm can avoid the problem of
 a. reputation as hostage
  b. moral hazard
  c. the winner's curse
  d. adverse selection
  e. symmetrical information


connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
Range of Motion of the Shoulder Joint, Abduction, Adduction Range of Motion of the Shoulder Joint, Abduction, Adduction
Range of Motion of the Knee Joint: Flexion, Extension, and Hyperextension Range of Motion of the Knee Joint: Flexion, Extension, and Hyperextension
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Selected Natural Products Selected Natural Products
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library