So long as marginal cost is greater than average variable cost, both average variable cost and average total cost must increase as output is increased

What is a natural monopoly and what problem does natural monopoly pose for regulators?

What will be an ideal response?

Stock prices are

A) based less on the current profitability of firms than on their expected future profitability. B) based equally on the current profitability of firms and on their expected future profitability. C) not based on the current profitability of firms or on their expected future profitability. D) based more on the current profitability of firms than on their expected future profitability.