If the distribution of water is a natural monopoly, then (i) multiple firms would likely each have to pay large fixed costs to develop their own network of pipes. (ii) allowing for competition among different firms in the water-distribution industry is efficient. (iii) a single firm can serve the market at the lowest possible average total cost
a. (i) and (ii) only
b. (ii) and (iii) only
c. (i) and (iii) only
d. (iii) only
c
Economics
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Private entrepreneurs are likely to make better investment decisions than central planners because
What will be an ideal response?
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Which of the following countries has not experienced hyperinflation in the twentieth century?
A. Germany
B. Russia
C. Argentina
D. United States
Economics
All the people employed at or just above the minimum wage could be considered the _____.
Fill in the blank(s) with the appropriate word(s).
Economics
Coordination of macroeconomic policies between nation is uncommon
Indicate whether the statement is true or false
Economics