Marginal-cost pricing, which is used to regulate a natural monopoly, leads to zero economic profit
a. True
b. False
Indicate whether the statement is true or false
False
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If Al has an absolute advantage over Beth in preparing meals, then:
A. Al can prepare more meals in a given time period than Beth. B. the problem of scarcity applies to Beth but not to Al. C. it takes Al more time to prepare a meal than Beth. D. Al's opportunity cost of preparing a meal is lower than is Beth's.
An increase in investment ________ aggregate demand, the aggregate demand curve shifts ________ and the economy is in the ________ phase of the business cycle
A) increases; leftward; recession B) increases; rightward; recession C) increases; rightward; expansion D) decreases; leftward; recession E) decreases; rightward; expansion
What is a long-run average cost curve?
What will be an ideal response?
How is the interest rate on a bond calculated?
What will be an ideal response?