If the government wants to regulate a natural monopoly, it will force the firm to set price equal to
A) average cost.
B) marginal cost.
C) marginal revenue.
D) None of the above.
A
Economics
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If the price of inputs rises and personal income taxes rise:
a. Aggregate demand rises, but aggregate supply does not change. b. Aggregate demand falls, and aggregate supply rises. c. Aggregate demand and aggregate supply rise. d. Aggregate demand and aggregate supply fall. e. Neither aggregate demand nor aggregate supply change.
Economics
Which of the following would be most likely to have monopoly power?
a. a national florist b. an online bookstore c. a local restaurant d. a local electrical cooperative
Economics