A public utility is a classic example of:
A. a natural monopoly.
B. perfect competition.
C. an oligopoly.
D. monopolistic competition.
Answer: A
You might also like to view...
Which of the following would not be considered a synergistic benefit from a merger?
A) an improvement in distribution systems B) economies of scale in production C) decreased cost of capital D) None of the above
Saving is necessary for production because
a. more roundabout production is better b. less roundabout production is better c. production takes time d. production is expensive e. production requires labor
Suppose that the economy is in a position of short-run equilibrium at a point where real GDP is below the full-employment level. Assuming no further change in aggregate demand and self-correction, the movement to a new long-run equilibrium includes a decrease in which of the following? a. The unemployment rate
b. The price level (CPI). c. The level of nominal wages and salaries. d. All of the above.
If the market price falls below the average-variable-cost, the firm will suspend production
a. True b. False Indicate whether the statement is true or false