Question and answer
What is a market that runs most efficiently when one large firm supplies all of the output referred to as? A)a government monopoly B)a natural monopoly C)market power D)a franchise
The answer is B)a natural monopoly
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Original conversation
User: What is a market that runs most efficiently when one large firm supplies all of the output referred to as? A)a government monopoly B)a natural monopoly C)market power D)a franchise

Weegy: The answer is B)a natural monopoly
Roy0624|Points 609|

User: Which of the following is an example of a market that meets all four conditions for perfect competition? A)jeans B)books C)wheat D)bagels

Weegy: B)books
Expert answered|utepboy|Points 40|

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Asked 3/13/2013 2:35:55 PM
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The controller of a monopoly sets the price of goods by charging... A) as much as possibly, regardless of the amount sold, B) only a small amount over cost, C) the price at which the profit is maximized, D) less than the company would charge if it did not have a monopoly
Weegy: C. the price at which the profit is maximized. User: What are the factors that cause a producer’s average cost per unit to fall as output rises called? a)franchises b)patents c)economies of scale d)licenses Weegy: A) as much as possibly, regardless of the amount sold (More)
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Expert Answered
Asked 3/13/2013 2:14:00 PM
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