Which of the Following Is True of a Natural Monopoly

question 75

Multiple Choice

Which of the following is true of a natural monopoly that is regulated by the average-cost pricing strategy?

• A)The natural monopoly will earn positive economic profit.
• B)The natural monopoly will produce less output than an unregulated monopoly.
• C)The equilibrium price of the natural monopoly is now the same as the competitive price.
• D)A part of the deadweight loss from an unregulated monopoly is eliminated.

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Definitions:

Genotype

The genetic constitution of an individual organism, referring to the specific allele makeup inherited from parents.

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A common and serious medical illness that negatively affects how you feel, the way you think and how you act, characterized by persistent feelings of sadness and/or loss of interest.

5-HTTLPR

A genetic variation in the promoter region of the serotonin transporter gene, which has been studied for its association with psychiatric disorders and traits.

Neurotransmitter

Chemical substances in the brain that transmit signals from one neuron to another across synapses.