If a marginal cost pricing rule is imposed on the natural monopoly in the figure above, then the price will be
A) $2.
B) $4.
C) $5.
D) $6.
A
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According to Friedman's permanent income hypothesis, a family's income can be divided into permanent income and
a. temporary income b. transitory income c. residual income d. extra income e. transitional income
If Apple Computer Corporation constitutes a sizeable share of your current stock holdings, the purchase of which of the following stocks would provide you with the greatest reduction in risk?
What will be an ideal response?
Exhibit 10-4 Aggregate supply and demand curves
In Exhibit 10-4, point E2 represents:
A. real GDP above full-employment GDP. B. real GDP that equals full-employment GDP. C. a depression. D. real GDP below full-employment GDP.
If demand is elastic, then
A. The elasticity number E is less than 1. B. The elasticity number E is greater than 1. C. The elasticity number E is 0. D. The elasticity number E is equal to 1.