Natural monopolies occur when a single or a few firms can take advantage of economies of scale and supply the entire industry output.
A. True
B. False
C. Uncertain
A. True
Economics
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Depression and lost self-esteem are examples of the ________ costs of unemployment, while the lost income and tax revenue are examples of the ________ costs of unemployment.
A. psychological; economic B. social; psychological C. economic; social D. economic; psychological
Economics
The costs affecting decisions to supply goods and services are always
A) average costs. B) costs not yet incurred. C) sunk costs. D) total costs. E) unavoidable costs.
Economics
Total wealth is a ____ concept; total income is a ____ concept.
a. stock; flow. b. stock; stock. c. flow; stock. d. flow; flow.
Economics
If the random walk theory is correct, then is there any way to "beat the market"?
What will be an ideal response?
Economics