A natural monopoly is based on

a. diseconomies of scale
b. diseconomies of scope
c. external diseconomies
d. economic freedom
e. economies of scale

E

Economics

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As Figure 10.5 shows, government receipts and outlays tend to fluctuate over time. For example, beginning in 2007, when the economy stagnated as a consequence of the financial crisis, government receipts declined while outlays increased

What will be an ideal response?

Economics

According to the Application, what advantages occur as a result of granting ownership of a dwelling to its occupant?

A) increased incentives for property maintenance B) potential increase in the market value of the property C) increased investment in housing repairs D) all of the above

Economics