In a Natural Monopoly

question 36

Multiple Choice

In a natural monopoly,

• A)society would be better off if antitrust laws were used to create many different firms in the market.
• B)the marginal cost curve is positively sloped.
• C)if the government requires marginal cost pricing, it must pay the monopolist a subsidy.
• D)the marginal revenue curve is horizontal.

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Definitions:

External Forces

Influences originating outside an organization that can impact its operations, strategies, and outcomes.

Theory of Change

A comprehensive description and illustration of how and why a desired change is expected to happen in a particular context, often used in planning and evaluating social and educational programs.

Patient Belief

The convictions or acceptance that patients hold regarding their health, treatments, and the healthcare system, which can influence their healthcare decisions and behaviors.

Diffusion of Innovations

Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread within cultures and societies, from inception to widespread adoption.