A natural monopoly exists whenever economies of scale are very extensive
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazines. In 2006, a sandwich cost $4 and a magazine cost $2 . In 2007, a sandwich cost $5 . The base year is 2006 . If the consumer price index in 2007 was 125, then how much did a magazine cost in 2007?
a. $0.83 b. $2.25 c. $2.50 d. $3.00
Answer the next question based on the information given in the following table.EmploymentTotal ProductProduct Price00$3112322233303436354036423If the firm is hiring workers under purely competitive conditions at a wage rate of $22, it will employ
A. 1 worker. B. 2 workers. C. 3 workers. D. 4 workers.
Which of the following would result in a decrease in demand for BMW automobiles?
A. An increase in the price of BMW automobiles B. A decrease in the price of BMW automobiles C. A decrease in the price of Mercedes Benz automobiles D. An increase in the price of Mercedes Benz automobiles
In the 15 years ending February 2016, most active portfolio managers failed to beat the market
a. True b. False Indicate whether the statement is true or false