Economic efficiency requires that natural monopolys price

Assignment Help Business Economics

Reference no: EM13995293

Economic efficiency requires that a natural monopoly’s price be

a. equal to the lowest price the firm can charge and still make a normal profit

b. equal to average variable cost (AVC) where the AVC curve intersects the demand curve.

c. equal to average total cost (ATC) where the ATC curve intersects the demand curve.

d. equal to marginal cost (MC) where the MC curve intersects the demand curve.

Reference no: EM13995293

Questions Cloud

Calculate the elextric flux : A uniform electric field of magnitude E =36 N/C points along the x-axis. A circular loop of radius R=20cm is centered at the origin with normal loop pointing theta=25 degrees above the x-axis. Calculate the elextric flux in Nm^2/C that passes thro..

What is needed in order to be multicellular : What is needed in order to be multicellular? what are the evolutionary advantages of being multicellular?

Develop a cash budget for his latest venture : To avoid any uncertainty regarding his business' financing needs at the time when such needs may arise, Cyrus Brown wants to develop a cash budget for his latest venture: Cyrus Brown Manufacturing (CBM)

Differential gene expression in cells causes : Differential gene expression in cells causes embryo shape changes & morphogenesis - how?

Economic efficiency requires that natural monopolys price : Economic efficiency requires that a natural monopoly’s price be

Banks sometimes loan cash under non interest : Banks sometimes loan cash under non interest-bearing notes. Is it true that banks lend money without interest?

Find the magnitude and direction of the force on the proton : A uniform magnetic field, B = 0.0002 T, exists in the +x-direction. A proton (q = +e) shoots through the field in the +ydirection with a speed of 5 x 106 m/s. Find the magnitude and direction of the force on the proton.

Describe the key events of hominid evolution : Describe the key events of hominid evolution including changes in anatomy, technology, andgeographic distribution.

Demand curves for a monopolistically competitive firm : Shows short run cost and demand curves for a monopolistically competitive firm in the market for designer watches. 17) Refer to Figure 10-3. What area represents the total variable cost of production? a. 0P0aQa b. P0abP1 c. P1bdP3 d. 0P1bQa

User Account

All Pages