In a Natural Monopoly, Throughout the Range of Market Demand

question 6

Multiple Choice

In a natural monopoly, throughout the range of market demand,

• A)marginal cost exceeds average cost and therefore pulls average cost upward
• B)average cost exceeds marginal cost and therefore pulls marginal cost upward
• C)marginal cost is below average cost and therefore pulls average cost downward
• D)average cost is equal to marginal cost
• E)there are diseconomies of scale

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Definitions:

Criterion-Referenced Testing

involves evaluating and scoring a test taker's performance based on a specific set of criteria or standards, rather than comparing it to the performance of a peer group.

No Child Left Behind

A U.S. Act aimed at closing the achievement gap with accountability, flexibility, and choice, so that no child is left behind.

Norm-Referenced Testing

Testing that compares an individual's performance or scores to a norm group or standard to evaluate relative standing.

T Scores

Standardized scores on psychological and educational tests that have a mean of 50 and a standard deviation of 10, used to compare individual performance against a normative sample.