Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Reserve, and one million dollars in required reserves

If the natural monopoly shown in the figure above is unregulated, then the deadweight loss will be

A) $0. B) $2 million. C) $4 million. D) $8 million.

Economies of scale result as a firm increases in size and expands its use of resources. Productivity increases and fixed production costs are spread over an increased number of goods and services

Which of the following are types of economies of scale? (a) Command economies (b) External economies (c) Open economies (d) Closed economies