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Author Question: Which of the following total cost functions suggests the presence of a natural monopoly? A) TC = ... (Read 23 times)

shenderson6

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Which of the following total cost functions suggests the presence of a natural monopoly?
 
  A) TC = 2Q
  B) TC = 100 + 2Q
  C) TC = 100 + 2Q2
  D) All of the above.

Question 2

Suppose TC = 10 + (0.1  q2). If there are 100 identical firms in the market, the market supply curve is
 
  A) Q = 1000  p.
  B) Q = 500  p.
  C) Q = 100  p.
  D) Q = 10.


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Carliemb17

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shenderson6

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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