Which barrier to entry results in the creation of a natural monopoly?

a. Legal barriers like government franchises.
b. Economies of scale.
c. Ownership of a vital resource.
d. Patents and copyrights.

b

Economics

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When the Fed raises the target for federal funds, it

A) sells government bonds. B) increases the discount rate. C) buys government bonds. D) increases the required reserve ratio.

Economics

The rate-of-return regulated public utility can have incentive to price some services too high and others too low, relative to efficient prices

Indicate whether the statement is true or false

Economics