An unregulated natural monopolist will produce the quantity at which
A) average total costs are minimized.
B) marginal cost equals marginal revenue.
C) marginal cost equals the long run average cost curve.
D) the long-run average cost curve intersects the demand curve.
B
You might also like to view...
Refer to above figure. If OmL1 workers are employed in manufacturing then what is the marginal productivity of labor in manufacturing?
What will be an ideal response?
The concept of adverse selection helps to explain all of the following EXCEPT
A) why firms are more likely to obtain funds from banks and other financial intermediaries, rather than from the securities markets. B) why indirect finance is more important than direct finance as a source of business finance. C) why direct finance is more important than indirect finance as a source of business finance. D) why the financial system is so heavily regulated.
An oligopoly is a market structure in which a few large firms dominate the sale of a single product.
Answer the following statement true (T) or false (F)
As the proportion of women preparing for careers as professionals increases,
a. their years of work experience will become more similar to men. b. the female/male earnings ratio will rise. c. their level of human capital will become more similar to men. d. all of the above.