Which statement is true?
A. All monopolies are good.
B. All monopolies are bad.
C. Most natural monopolies are government regulated or government owned.
D. None of these statements are true.
C. Most natural monopolies are government regulated or government owned.
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Refer to Figure 2-12. Which country has a comparative advantage in the production of milk?
A) They have equal productive abilities. B) Bora Bora C) Tahiti D) neither country
In perfect price discrimination, consumer surplus is zero because each consumer pays: a. the market price
b. the cost price. c. peak load price. d. the reservation price
If the Bank of America lends $100 million and the reserve requirement is 10%, the monetary base:
a. Falls by $100 million. b. Falls by $10 million. c. Does not change. d. Rises by $100 million. e. Rises by $10 million.
Both M1 and M2 are monetary values much larger than nominal GDP
a. True b. False Indicate whether the statement is true or false