Natural gas is a natural monopoly. The figure above shows the market for natural gas in the city of Lucknow. When a marginal cost pricing rule regulation is imposed, the price per household per month is ________
A) $30 and 20,000 household are served
B) $10 and 40,000 household are served
C) $10 and 20,000 household are served
D) $20 and 30,000 households are served
B
Economics
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The process by which union members and the firm's management negotiate a contract is called
a. settlement negotiation b. collective bargaining c. a union contract d. collection arbitration e. settlement bargaining
Economics
If a firm changed its fringe benefit program so that no employee suffered a loss in benefits and some employees enjoyed an increase in benefits, then
a. this could not be a Pareto improvement b. the firm's policies are economically efficient c. this could be a Pareto improvement d. the firm's policies are fair e. the firm is losing money
Economics