An Unregulated Natural Monopoly

question 62

Multiple Choice

An unregulated natural monopoly

• A)could produce output at higher costs than two firms could if it supplied all the quantity that buyers would take off the market.
• B)will charge a price equal to marginal cost.
• C)would produce efficiently if it behaved as a normal profit-maximizing monopoly.
• D)will likely force society to face a deadweight loss.
• E)will charge a price below marginal cost.

---

Definitions:

Witchcraft

The practice of magical skills, spells, and abilities, often associated with the manipulation of supernatural forces.

Salem, Massachusetts

A city on the northeastern coast of Massachusetts famous for its 1692 witch trials, in which several locals were executed for allegedly practicing witchcraft.

Women

Adult human females, often highlighted in various contexts for their experiences, contributions, and challenges in society across different cultures and eras.

Tobacco Planters

Individuals or entities engaged in the cultivation of tobacco as a crop, historically significant in the economic development of certain regions, particularly in the American South.