One difficulty associated with average cost pricing regulation of natural monopolies is that firms have little or no incentive to minimize production costs
a. True
b. False
Indicate whether the statement is true or false
True
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Use the following graph of demand curves to answer the next question. 
For a given change in supply, which demand curve is going to yield the largest change in quantity demanded?
A. D1 B. D3 C. D4 D. D5
If you knew that an investment was going to pay you $128 in 5 years, and you knew that the annual interest rate over that time would be 5 percent, you could calculate the present value to be:
A. $90. B. $95. C. $105. D. None of these is true.
Describe the broad facts about what, how, and for whom goods and services are produced
What will be an ideal response?
The actual unemployment rate exceeds the natural rate of unemployment. What are policymakers concerned about in this situation?
What will be an ideal response?