Natural gas is a natural monopoly. The figure shows the market for natural gas in the city of Lucknow. When an average cost price rule regulation is imposed, the price per household per month is ________
A) $30 and 20,000 household are served
B) $10 and 40,000 household are served
C) $25 and 20,000 household are served
D) $20 and 30,000 households are served
D
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In finitely repeated price-fixing game, the dominant strategy of each player is to break the agreement on every play
Indicate whether the statement is true or false
Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created through liberal policies focus on ones that would cause
A. decreases in aggregate supply. B. increases to aggregate supply. C. increases to aggregate demand. D. increases in interest rates.
If the average productivity of Canadian firms is rising more quickly than the average productivity of Indian firms, which of the following would you expect to see?
A) an increase in the value of the rupee relative to the dollar B) a decrease in the prices of Indian products C) a decrease in the quantity demanded of Indian products relative to Canadian products D) an increase in the quantity demanded of Indian products relative to Canadian products
Structural unemployment is unemployment caused by:
A. temporary changes in jobs. B. discrimination. C. the time required to match employers and workers. D. a mismatch between worker skills and employer requirements.