Question and answer
8. How does a natural monopoly function? A. A few firms are in perfect competition. B. Imperfect competition makes it difficult for firms to do business. C. A single firm supplies all the output. D. The government supplies all buyers with the product.
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A natural monopoly function by: A single firm supplies all the output.
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Asked 1/21/2014 12:34:10 PM
Updated 2/21/2015 3:32:41 PM
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A natural monopoly function by: A single firm supplies all the output.

Added 2/21/2015 3:32:41 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [2/21/2015 4:15:14 PM]
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9. Which of the following industries have been deregulated in recent years? A. low-cost housing B. pharmaceuticals C. airlines D. steel
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Updated 11/27/2015 9:11:48 PM
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Airlines have been deregulated in recent years.
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Which of these industries has NOT been considered a natural monopoly in the past 30 years? A. diamonds B. water C. electricity D. phone service
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Diamonds has NOT been considered a natural monopoly in the past 30 years.
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Confirmed by jerry06 [7/23/2018 11:10:54 PM]
14. Which of the following markets is an example of monopolistic competition? A. water B. oranges C. bookbags D. bus tickets
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Updated 7/23/2018 12:53:49 PM
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Bookbags is an example of monopolistic competition.
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32. Which of these is most likely to lead directly to a black market? A. a supply shock B. a price floor C. rationing D. equilibrium
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Updated 9/15/2014 12:28:50 PM
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Rationing is most likely to lead directly to a black market.

Added 9/15/2014 12:28:50 PM
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Confirmed by yumdrea [9/15/2014 12:39:15 PM]
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