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James Paul James Paul
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A year ago
In the long run, the imposition of average-cost pricing in natural monopolies, such as Manitoba Hydro and New Brunswick Power, would generally lead to

▸ distorted investment decisions.

▸ a reduction in the output by these firms.

▸ allocative efficiency.

▸ productive efficiency.

▸ both allocative efficiency and productive efficiency.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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flipninjamelflipninjamel
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A year ago
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James Paul Author
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A year ago
Good timing, thanks!
elizabetheldrid
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
annabananerz
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2 hours ago
Just got PERFECT on my quiz
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