A natural monopoly is a monopoly that arises from:
A. having an exclusive right to operate in a national park.
B. a firm's natural desire to maximize its profit.
C. having exclusive control over the natural resources used to produce a good.
D. economies of scale.
Answer: D
Economics
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The main purpose of antitrust law is to
A) prohibit monopoly practices such as restricting output. B) regulate advertising. C) encourage the formation of cartels. D) regulate the stock and bond markets.
Economics
Our "dual" banking system refers to
A) commercial banks and thrifts. B) federal and state chartering and supervision of commercial banks. C) stockholder-ownership and depositor-ownership of depository institutions. D) banks that are members and non-members of the Fed.
Economics