Natural monopolies are distinguished-price discrimination

Assignment Help Business Economics

Reference no: EM13816236

1. Perennial losers are the only group within “the baseball fraternity” who you would expect to support competitive balance.

True

False

2. Natural monopolies are distinguished by

A. Zero fixed costs

B. Increasing average total costs (ATC) over the entire range of output

C. Decreasing average total costs (ATC) over the entire range of output

D. The existence of only one firm in the industry

3. Price discrimination:

A. Reduces deadweight loss

B. Creates mutually-beneficial exchanges that would not happen under a single-price scheme

C. Increases consumer surplus

D. Both “a” and “b”

4. The true cost of monopoly power to society is attributable to:

A. the higher price that consumers must pay.

B. the reduction in output by the monopolist.

C. the excess profits enjoyed by the monopolist.

D. the failure of other firms to enter the industry.

Reference no: EM13816236

Questions Cloud

Determining the assessment of the labor market : Describes the results of your assessment of the labor market from which your selected organization draws candidates for open positions.

Accounting and production have in the analysis : If you were the CFO of a company that had to decide on hundreds of potential projects every year, would you want to use sensitivity analysis and scenario analysis or would the amount of arithmetic required take too much time and thus not be cost-effe..

What is an incidental cartel : The NCAA has often been called an “incidental cartel. ”What is an “incidental cartel?”How has the NCAA exercised its cartel power? Give two distinct examples.

What are the main features of kantian ethics : What are the main features of Kantian ethics

Natural monopolies are distinguished-price discrimination : The true cost of monopoly power to society is attributable to: Natural monopolies are distinguished by. Price discrimination:

Industrialization after the civil war final paper : After the Civil War, the United States became a much more industrialized society. Between 1865 and 1920, industrialization improved American life in many ways. However, industrialization also created problems for American society. Consider events ..

Acc prepare the journal entry to record depreciation expense : Question 1 Pam Erickson Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for long-term construction contracts during 2015. For tax purposes, the company employs the completed-contract metho..

Targeting intelligence in a dynamic competitive environment : Write paper about Targeting intelligence gathering in a dynamic competitive environment

Industrial organization-public finance and labor economics : Give at least one example of a sports issue that illustrates a concept from each of the following: Industrial organization; public finance and labor economics.

User Account

All Pages