A natural monopoly exists when, throughout the range of market demand,
a. average cost is increasing
b. there are diseconomies of scale
c. there are economies of scale
d. average cost is constant
e. marginal cost exceeds average cost
C
Economics
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________ assist in the initial sale of securities in the primary market; ________ assist in the trading of securities in the secondary markets
A) Investment banks; mutual funds B) Commercial banks; mutual funds C) Investment banks; securities brokers and dealers D) Commercial banks; securities brokers and dealers
Economics
Refer to the above table. If the price is $6, the perfectly competitive firm should produce
A) 104 units. B) 105 units. C) 106 units. D) 107 units.
Economics