By total economic output (gross domestic product), the United States ranks as the ______ largest economy in the world.

Natural gas is a natural monopoly. The figure above shows the market for natural gas in the city of Lucknow. When an average cost price rule regulation is imposed, the price per household per month is ________

A) $20 and 30,000 households are served B) $40 and 40,000 households are served C) $40 and 30,000 households are served D) $60 and 20,000 households are served

A price searcher is any firm that has no control over price and must accept the market price as given

a. True b. False