The residential-electricity market is characterized by
A. unregulated perfect competition.
B. unregulated natural monopoly.
C. regulated (usually natural) monopoly.
D. unregulated simple monopoly.
Answer: B
Economics
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Technological improvements are more likely to occur if
A) the economy is centrally planned. B) economic decisions are made by politicians rather than entrepreneurs. C) entrepreneurs are compensated with higher profits for taking risks. D) companies face little competition in their markets.
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Deficit is to debt as
a. responsible is to irresponsible. b. increase is to decrease. c. flow is to stock. d. important is to unimportant.
Economics