Although Thomas Edison invented the lightbulb in 1879, by 1907 only ___ percent of U.S. homes had electricity

"Cream skimming" usually results in

a. cross-subsidization of markets. b. subsidies to rural consumers of the service. c. regulations to provide universal service. d. monopoly.

In Figure 2.1, a "P*" for equilibrium price would go in

A. Box 1. B. Box 2. C. Box 3. D. Box 4.