Refer to the above figure. An unregulated natural monopolist's profits will be

A) profits equal to Q1 times distance a-c.
B) losses equal to Q4 times distance f-g.
C) losses equal to Q3 times distance d-e.
D) profits equal to Q1 times distance a-b.


D

Economics

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If monopolistic competitors are making profits, in the long run ______ and market price will ______.

Fill in the blank(s) with the appropriate word(s).

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Central banks around the world that are ________ are most effective.

A. independent of political influence B. run by those elected by popular vote C. run by those appointed for life D. controlled by political parties

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Which of these is among the principal determinants of economic growth?

A) inflation B) the financial system C) the central bank D) the government budget deficit E) stabilization policy

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A change in demand cannot be caused by a change in

a. tastes b. population c. the prices of other goods d. expectations of future prices e. the price of the good itself

Economics