The reason an unregulated natural monopolist will produce at an economically inefficient quantity is
A) due to the fact that the monopolist will equate marginal cost with price to determine the output level.
B) due to the fact that the monopolist will equate average total cost with price to determine the output level.
C) that the price does not equal the true marginal cost of producing the good.
D) that the monopolist will produce a quantity greater than the minimum of the average total cost curve.
C
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A devaluation is a reduction in the official value of a currency.
Answer the following statement true (T) or false (F)
Supposing a college education is choosing between an expensive school ($200,000 over 4 years) and a less expensive school ($40,000 over 4 years), the student should
A. choose the more expensive school only if the present value of the difference in salary is $160,000 or more. B. choose the more expensive school only if the difference in salary will total $160,000 or more. C. choose the more expensive school only if the present value of the difference in salary is $160,000 or less. D. choose the more expensive school only if the difference in salary will total $160,000 or less.