Recall the Application about the British experience with private water companies in the nineteenth century to answer the following question(s).Recall the Application. Based on the British experience with water distribution, the most efficient way to provide water is through:
A. a regulated monopoly.
B. a duopoly.
C. an unregulated monopoly.
D. perfect competition.
Answer: A
You might also like to view...
The supply of product X is inelastic (but not perfectly inelastic) if
A. an 8% increase in price generates an 8% increase in quantity supplied. B. a 10% decrease in price does not affect quantity supplied. C. a 7% decrease in price generates a 5% decrease in quantity supplied. D. a 5% increase in price generates a 7% increase in quantity supplied.
Income in kind is defined as
A) income received in the form of a paycheck. B) payment for services in the form of cash. C) tips. D) income received in the form of goods and services.
Trade barriers that restrict imports from developing countries tend to be:
A. Highest in the capital goods and technology sectors of those economies B. Lowest in the labor-intensive manufacturing sectors of those economies C. Lowest for those products in which DVCs have a comparative advantage D. Highest for those products in which DVCs have a comparative advantage
Life insurance companies require that prospective policy holders have a medical check?up before the companies will sell the policy because of a(n) ________ problem in which the insured could be ________ than expected.
A. adverse selection; healthy and live longer B. adverse selection; unhealthy and die sooner C. moral hazard; unhealthy and die sooner D. moral hazard; healthy and live longer