Which of the following is an example of natural monopoly?
A) cellular phone companies in a large city
B) local water utility companies
C) major league sports franchises in the largest cities
D) All of the above are natural monopolies.
B
Economics
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What will be an ideal response?
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Table 10.2Table 10.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its revenue from students under the single price policy?
A. $150 B. $180 C. $450 D. $540
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There are how many members of the Board of Governors in the Federal Reserve system?
A) 15 B) 12 C) 7 D) 4 E) none of the above
Economics
"A monopolist refers to any firm that is large in size." Do you agree or disagree? Why?
What will be an ideal response?
Economics