For a natural monopoly to exist
A) a firm must continually buy up its rivals.
B) a firm must have a government-imposed barrier.
C) a firm's long-run average cost curve must exhibit diseconomies of scale beyond the economically efficient output level.
D) a firm's long-run average cost curve must exhibit economies of scale throughout the relevant range of market demand.
D
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If the price of a U.S. government bond is? $50 and the owner of the bond is entitled to? $2.50 income each? year, then the interest rate on the bond is? ______.
Refer to the figure above. Quota rents equal
A) $2000. B) $5000. C) $6000. D) $10000.
The ratio of debt to GDP is much higher in the United States than in most other industrialized nations
Indicate whether the statement is true or false
Economists argue that rent control is a highly efficient way to help the poor raise their standard of living
a. True b. False Indicate whether the statement is true or false