A natural monopolist's ability to price its product is
a. constrained by the market demand curve.
b. constrained by market supply.
c. not affected by market demand.
d. enhanced by regulatory control of the government.
a
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You notice that the price and quantity of wheat both decrease. This observation can be the result of the
A) demand curve for wheat shifting rightward. B) demand curve for wheat shifting leftward. C) supply curve of wheat shifting rightward. D) supply curve of wheat shifting leftward.
A tax placed on a good can make that good relatively more expensive and its substitutes relatively less expensive
Indicate whether the statement is true or false
Suppose that for Halim, the marginal utility of a baseball bat is 50 utils, the marginal utility of a tennis racket is 40 utils, and the marginal utility of an official NFL football is 30 utils. The baseball bat is $35.00, the tennis racket is $200, and the football is $100.00. What can you conclude from this information?
a. Halim will be more inclined to purchase a baseball bat. b. Halim will be more inclined to purchase a tennis racket. c. Halim will be more inclined to purchase a football. d. Halim is in consumer equilibrium regarding the three types of sports equipment.
"Insider trading" laws are meant to prevent
A) the executives of a corporation from holding a majority of its outstanding shares. B) buying or selling shares based on information not available to the public. C) foreign investors from gaining controlling interest in U.S. corporations. D) the issuing of bonds for the purpose of buying stock.