Examlex

Solved

Which of the Following Statements Regarding an Average Cost Pricing

question 26

Multiple Choice

Which of the following statements regarding an average cost pricing rule for a natural monopoly is WRONG?


Definitions:

Oxbow Lake

An isolated, curved lake formed when a cutoff meander is filled with water.

Sinuosity

The measure of how much a river or stream meanders, calculated as the channel length divided by the straight-line distance downstream.

Esker

A long, winding ridge of stratified sand and gravel, typically occurring in glaciated and formerly glaciated regions, formed by retreating glaciers or meltwater.

Levees

Natural or artificial embankments built along rivers or watercourses to prevent their waters from overflowing onto adjacent land.

Related Questions