A natural monopoly has economies of scale for most if not all of its range of output

When the exchange rate between the U.S. dollar and the euro changes from 1.30 euros per dollar to 1.00 euro per dollar the dollar has ________ and European goods have become ________ to people in the United States so that quantity of U.S

dollars supplied ________. A) appreciated; more expensive; decreases B) depreciated; cheaper; increases C) depreciated; more expensive; decreases D) depreciated; cheaper; decreases E) appreciated; cheaper; increases

If an upstream monopoly and a downstream monopoly vertically integrate into a profit-maximizing monopoly, then the total amount of deadweight loss in the industry

A) will increase. B) will decrease. C) will remain unchanged. D) cannot be determined.