Author Question: A natural monopoly is based on economies of scale. a. True b. False[br][br][b][color=red]Question ... (Read 75 times)

xclash · **on:** Jun 30, 2018

A natural monopoly is based on economies of scale.
a. True
b. False

Question 2

Adverse selection refers to a situation in which
a. employers have more information about a job's salary than the job candidate does
b. a job candidate has more information about the job's salary than the employer does
c. employers have more information about a job candidate's abilities than the candidate does
d. a job candidate has more information about her abilities than the employer does
e. only below-average job candidates apply for a job