It is possible for one person to have an absolute advantage in something even if she has no comparative advantage in anything

Without any regulation, the natural monopolist will

A) not produce any output. B) produce to the point at which P = ATC. C) produce less output than it would if the industry was purely competitive. D) have an upward-shifting average cost curve.

After the Civil War the southern sharecropper was often tied to the land by an economic system similar to although less onerous than slavery, and known as ______

a. debt peonage b. the labor redundancy system c. immiserizing growth d. the Sea Islands system