If a Natural Monopoly Is Forced to Use Marginal Cost

question 102

Multiple Choice

If a natural monopoly is forced to use marginal cost pricing,which of the following is not true?

• A)Average total costs increase.
• B)Output increases.
• C)Allocative efficiency is achieved.
• D)Economic profits are reduced.

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Definitions:

Nurse ONE

A reference to a primary, key nurse in a healthcare setting, emphasizing their first-point role or singular importance.

ICNP

The International Classification for Nursing Practice, a standardized vocabulary that allows nurses to describe and report their work across global healthcare environments.

E-Nursing Strategy

The use of digital information and communication technologies in the nursing profession to improve patient care and enhance nursing practices.

CNA

A Certified Nursing Assistant who provides basic patient care under direction of nursing staff.