A Likely Consequence Over Time of an Average-Cost Pricing Policy

question 154

Multiple Choice

A likely consequence over time of an average-cost pricing policy for a natural monopoly is

• A) an increase in the average cost curve.
• B) an increase in profits.
• C) no change in price.
• D) a decrease in the average cost curve.

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Definitions:

Sensory Cortex

Part of the brain responsible for receiving and interpreting sensory information from different parts of the body.

Corticospinal Tract

A collection of neurons in the brain that project to the spinal cord and are involved in motor control.

Lateral Spinothalamic Tract

A neural pathway in the spinal cord responsible for transmitting pain and temperature sensations to the brain.

Head Control

The ability to hold and move the head in a stable and controlled manner, a developmental milestone in infants.