Which of the following will result in the most deadweight loss?
A) a natural monopoly regulated with marginal cost pricing
B) an unregulated natural monopoly
C) a natural monopoly regulated with average cost pricing
D) All of the above result in the same deadweight loss.
B
Economics
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If Fred's marginal rate of substitution of salad for pizza equals five, then
A) he would give up five pizzas to get the next salad. B) he would give up five salads to get the next pizza. C) he will eat five times as much pizza as salad. D) he will eat five times as much salad as pizza.
Economics
A valid and useful theory of gold prices:
A) helps to predict the movements of gold prices over time. B) may be founded on simplifying assumptions. C) need not exactly predict every change in gold prices. D) all of the above E) none of the above
Economics