A natural monopoly that is regulated to set price equal to marginal cost
A) makes an economic profit.
B) makes zero economic profit.
C) incurs an economic loss.
D) could make an economic loss, an economic profit, or zero economic profit.
E) makes zero normal profit.
C
Economics
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The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) always equals:
a. 1. b. 0. c. the interest rate. d. the marginal propensity to invest (MPI).
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In the long-run, the price level in the economy will change the same direction as aggregate demand
a. True b. False Indicate whether the statement is true or false
Economics