New ________ has often undermined natural monopolies, such as in the case of competition for local telephone service in some states.
Fill in the blank(s) with the appropriate word(s).
technology
Economics
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A natural monopoly that charges the profit-maximizing price will produce ________ amount of output than a ________
A) a larger; natural monopoly regulated with an average cost pricing rule B) a more efficient; perfectly competitive industry C) the same; natural monopoly regulated with a marginal cost pricing rule D) a smaller; natural monopoly regulated with a marginal cost pricing rule
Economics
An economic boom in China is likely to lead to a(n):
a. decrease in U.S. exports and U.S. aggregate demand. b. increase in U.S. exports and U.S. aggregate demand. c. decrease in U.S. imports and U.S. aggregate demand. d. increase in U.S. imports and U.S. aggregate demand.
Economics