When government owns a natural monopoly, it can:
A. lose the incentive to be efficient.
B. at a loss.
C. make business decisions based on political pressures.
D. All of these statements are true.
D. All of these statements are true.
Economics
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As a result of an increase in the personal income tax rate, consumers are likely to
A) spend less. B) earn more money. C) save more. D) spend more.
Economics
Using the above figure, during which of the following periods does the price of crude oil have a downward trend?
A) May to July B) May to November C) July to October D) October to December
Economics