Water from the Mississippi river is an example of

"A single-price natural monopoly that is regulated to set price equal to marginal cost incurs an economic loss." True or false? Explain

What will be an ideal response?

The marginal cost curve of pollution abatement

A) slopes upward because of the law of diminishing product. B) slopes upward because firms will maximize profits. C) slopes downward because of the law of diminishing marginal utility. D) slopes downward because of the law of diminishing returns.