If a natural monopolist is unregulated, then
A) the monopoly will produce efficiently from society's point of view.
B) the monopoly will produce inefficiently from society's point of view.
C) the monopolist will be earning just a normal rate of return on investment.
D) the monopolist will determine the profit maximizing quantity by equating marginal cost to the demand curve.
B
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China's current rate of GDP growth is quite rapid. Its current growth rate is probably three times that of the United States. However, the levels of pollution are much higher in China
Would you consider China to be better off than the United States given this information? Why or why not?
An exclusive deal is
A) always illegal. B) welfare reducing. C) one where a firm will only sell to a customer if the customer agrees not to buy anything from the firm's rivals. D) All of the above.