Which of the following is most likely to be a natural monopoly?
A. Aircraft manufacturing
B. Auto manufacturing
C. Electric utilities
D. Steel production
C. Electric utilities
You might also like to view...
When the exchange rate between dollars and pounds moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has ________.
A. appreciated B. inflated C. depreciated D. deflated
Mezzanine debt funds hold quite __________ assets issued by __________ companies
A) risky; small to midsized B) risky; large C) safe; small to midsized D) safe; large
The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures b. demonstrating that supervisors are friendly outside of the work environment c. rewarding workers who for meet performance measures d. identifying the relevant measures on which to evaluate employees
Price discrimination by a monopolist is less effective if the
A) good can be resold. B) good has no substitutes. C) monopolist can identify buyers by willingness to pay. D) good cannot be resold.