For a natural monopoly, long-run average costs
A) fall as output increases.
B) rise as output increases.
C) fall as output falls.
D) rise as output falls.
Answer: A
Economics
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The natural rate of unemployment includes frictional, cyclical, and structural unemployment
a. True b. False Indicate whether the statement is true or false
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Assuming all of the following people have the same education and experience, which one is likely to earn the highest wage, based on typical patterns in the United States?
a. Francine, who is single and has no children b. Jeanne, who is married and has two children c. Frank, who is single and has no children d. John, who is married and has two children
Economics