Under rate-of-return regulation, natural monopolies must use
A) marginal cost pricing.
B) average cost pricing.
C) efficient pricing.
D) monopoly pricing.
B
Economics
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The Apple iPhone is sold in a box labeled "Made in China." A study by economists at the Asian Development Bank found the value of the iPhone components China ________ U.S. firms is ________ the value of assembling the iPhones in Chinese factorie
A) imports from; less than B) imports from; greater than C) exports to; greater than D) exports to; equal to
Economics
The ability to deter entry requires
A) a credible threat that if entry occurs the firm is willing to produce more than they would otherwise. B) a credible threat that if entry occurs the firm will not produce more than they would otherwise. C) a good lawyer. D) a clever accounting department.
Economics