A likely consequence over time of an average-cost pricing policy for a natural monopoly is:
A. an increase in the average cost curve.
B. an increase in profits.
C. no change in price.
D. a decrease in the average cost curve.
Answer: A
Economics
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Which of the following is definitely NOT an example of a natural monopoly?
A) local water distribution companies B) urban rail services C) local electric power and gas distribution companies D) urban retail stores
Economics
When a customer deposits money in a bank account, this deposit represents:
a) a liability for the customer and an asset for the bank. b) an asset for both the bank and the customer. c) a liability for the customer and the bank. d) a liability for the bank and an asset for the customer.
Economics