Think about cost structures associated with each of the following and decide which is most likely to be a natural monopoly

a. jewelry manufacturer
b. tax-preparation firm
c. movie theater
d. city bus company
e. dry cleaner

D

Economics

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The money demand curve has a negative slope because

A) lower interest rates cause households and firms to switch from financial assets to money. B) lower interest rates cause households and firms to switch from money to financial assets. C) lower interest rates cause households and firms to switch from money to bonds. D) lower interest rates cause households and firms to switch from money to stocks.

Economics

A price ceiling on a good will usually

A. shift both the demand and supply curves to the left. B. shift the demand curve to the left and the supply curve to the right. C. shift neither the demand curve nor the supply curve. D. shift both the demand and supply curves to the right.

Economics