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xoxololo xoxololo
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6 years ago
Using average cost pricing to regulate a natural monopoly creates a deadweight loss.
 
  Indicate whether the statement is true or false


Ques. 2

In the 1970s there was a long draught in California that left a large section of Southern California parched.
 
  As water prices began to soar how do you think most residents changed their consumption of water? What kinds of water consumption probably did not change and why? Make sure to use utility in your explanation.


Ques. 3

The airline and trucking industries are two examples of industries that were regulated because they were natural monopolies.
 
  Indicate whether the statement is true or false


Ques. 4

Assume a distant tribe only harvests breadfruit and its entire livelihood depends on it. If the price of breadfruit were to rise suddenly how might it be possible that this tribe would actually consume more breadfruit?
 
  What will be an ideal response?


Ques. 5

A monopoly that can perfectly price discriminate creates no deadweight loss.
 
  Indicate whether the statement is true or false
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wertywerty
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6 years ago
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xoxololo Author
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#2
6 years ago
Makes tons more sense now!
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#3
6 years ago
Slight Smile
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