What type of market runs most efficiently when one large firm supplies all of the output?
a. a natural monopoly
b. a network
c. perfect competition
d. imperfect competition
Ans: a. a natural monopoly
Economics
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As of the end of 1994 which of the countries in our survey had the largest proportion of stock held by the government?
A) The United Kingdom B) The United States C) Japan D) Germany
Economics
Use the following table to answer the next question.YearAltaZornAltaZorn?(Real GDP)(Real GDP)(Population)(Population)1$2,000$150,00020050022,100152,00020250532,200154,000210508Per capita GDP was about
A. $303 in year 3 in Zorn. B. $5 in year 2 in Alta. C. $105 in year 3 in Alta. D. $200 in year 1 in Zorn.
Economics