Under a marginal cost pricing rule, a natural monopoly
A) makes a reasonable profit.
B) makes an economic profit.
C) earns accounting profits, but breaks even in economic terms.
D) incurs an economic loss.
E) makes a normal profit, but it cannot be determined whether or not it makes an accounting profit.
D
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After accounting for differing _________ as well as _________, evidence for many countries is broadly consistent with the HeckscherOhlin model.
a. factor productivities; factor endowments b. preferences; factor productivities c. preferences; factor endowments d. factor endowments; generalities
Which of the following distinguishes industrially advanced countries from less-developed countries?
a. GDP per capita. b. Educational attainment of the workforce. c. Extent to which capital is technologically advanced. d. All of the above.