If a natural monopoly is broken up into many smaller firms then
A) the price will decrease.
B) the average total costs of production will increase.
C) efficiency will increase.
D) None of the above because it is illegal to break up a natural monopoly into smaller firms.
B
You might also like to view...
Inflationary pressures caused the FOMC to increase the federal funds rate by ΒΌ of a percentage point in June 2004, and by exactly the same amount at every subsequent FOMC meeting through June of 2006. Theses actions
A) caused an upward movement along the monetary policy curve. B) caused a downward movement along the monetary policy curve. C) shifted the monetary policy curve upward. D) shifted the monetary policy curve downward.
To be considered employed, a person must have
a. worked at least 1 hour during the previous week b. searched at least 1 hour for a job during the previous week c. worked at least 5 hours during the current week d. worked at least 15 minutes during the previous month e. earned at least the minimum wage for five or more hours of work per week