If a natural monopolist were to sell at the price where marginal cost equals demand, then it would be earning
a. zero economic profits, like a competitive firm in the long-run.
b. negative profits and would not be able to survive.
c. positive profits but not would not need to worry about government intervention to regulate it.
d. positive profits but would still need to worry about possible government intervention to regulate it.
b. negative profits and would not be able to survive.
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Which of the following is true?
A) To be classified as employed, you must work at least 20 hours per week at a paid job. B) If you are not working and turn down a job offer in the previous week, you are no longer classified as unemployed. C) To be classified as employed, you must be a full-time worker at a paid job. D) Part-time workers are all those who work less than 40 hours per week. E) To be classified as employed, you must work at least 1 hour per week at a paid job or 15 hours or more as an unpaid worker in your family business.
In the long run, there is a no tradeoff between inflation and unemployment
a. True b. False