In order for a natural monopoly to develop, it
A. is important that the firm be very large.
B. is important that the firm prices its product below cost.
C. is not the absolute size of the firm but its size relative to the total market demand that is important.
D. must be in the presence of government intervention.
Answer: C
Economics
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Suppose the balance on the current account is +$50 billion and the balance on the capital account is +$1 billion. The balance on the financial account is:
A. -$51 billion. B. -$50 billion. C. -$49 billion. D. +$51 billion.
Economics
Refer to the diagram of the market for money. The equilibrium interest rate is:
A. i 1 .
B. i 2 .
C. i 3 .
D. not determinable without additional information.
Economics