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As there are natural monopoly market situations it is in the public interestto permit monopolies, but traditionally in the United States they are regulated with respect to price. The purpose of the rate regulation was to make sure that the public would not suffer price gouging as a result of the monopoly position of the firms. Some examples of regulated natural monopolies are electric utilities, cable TV companies, and telephone companies (local).
conditions for an abnormal supply curve
Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
aid of production possibilty curve
why can methane not be prepared by this reaction
when the demand function is 2q-24+3p=0,find marginal revenue when q=3
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
consumer=m with the help of indifference curve analyis
Solve equation P=200-Qs and Qs=4.5p +5
use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..
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