For a natural monopoly to cover its total cost, its price must equal its
A) average total cost.
B) marginal cost.
C) demand.
D) total fixed cost.
E) marginal revenue.
A
Economics
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A green pasture has turned barren due to overgrazing. This happened because the pasture was ________
A) excludable and rival B) non-excludable and non-rival C) excludable but non-rival D) non-excludable but rival
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A quota refers to:
A) a tax on imported goods B) a limit on the amount of a good that can be imported C) the range within which an exchange rate is allowed to fluctuate D) a limit on the size of a trade deficit
Economics