Consider a regulated natural monopoly. If the regulatory commission wants to establish a fair-return price, then it should set a price ceiling where the demand curve crosses the monopoly's long-run:
a. marginal revenue curve.
b. average revenue curve.
c. marginal cost curve.
d. average cost curve.
d
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Keesha consumes only milkshakes and burgers. Once at her consumer equilibrium, what would happen if she changed her consumption by purchasing one more milkshake and one fewer burger?
A) The marginal utility of a burger would decrease. B) The marginal utility of a milkshake would increase. C) The total utility from the consumption of both goods would decrease. D) all of the above
A one percentage point change in the required reserve ratio would change the money supply by less than one percent, other things being equal
a. True b. False Indicate whether the statement is true or false
Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs
a. True b. False Indicate whether the statement is true or false
Why do free trade proponents dislike rules of origin in trade agreements?
A) It decreases the amount of international trade in the world. B) It increases the amount of international trade in the world. C) It decreases incentives for trade diversion. D) It increases incentives for trade deflection.