Regulation of a natural monopoly that forces it to price and produce as if it were a competitive firm results in

A) the market being instantly competitive.
B) higher profits for the monopoly.
C) economic losses for the monopoly.
D) a highly unstable marketplace.

Answer: C

Economics

If Q = K1/3L2 the MPK is

a. constant b. diminishing c. increasing

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Economics

In the IS-LM model when M/P rises, in short-run equilibrium, in the usual case, the interest rate ______ and output ______.

Fill in the blank(s) with the appropriate word(s).

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Economics