[Solved] What Is Meant by the Term Natural Monopoly

The following table gives the cost and demand data for a monopolist: -Refer to the above information to answer this question.Suppose that the monopolist is regulated and forced to charge a socially optimum price.What will be the level of profit or loss? A)$0. B)Loss of $3. C)Loss $25.2. D)Profit of $12. E)Profit of $60.

The following table gives the cost and demand data for a monopolist: -Refer to the above information to answer this question.Suppose that the monopolist is regulated and forced to charge a fair-return price.What will be the price and output? A)$85 and 4. B)$80 and 5. C)$75 and 6. D)$70 and 4. E)$65 and 8.

The following table gives the cost and demand data for a monopolist: -Refer to the above information to answer this question.Suppose that the monopolist is regulated and forced to charge a fair-return price.What will be the level of profit or loss? A)$0. B)Loss of $3. C)Loss $25.2. D)Profit of $12. E)Profit of $60.

What is meant by perfect price discrimination? A)A situation where all customers are charged the lowest price they are willing to pay for each unit of a product bought. B)A situation where all customers are charged the highest price they are willing to pay for each unit of a product bought. C)A situation where some customers are charged the lowest price they are willing to pay for each unit of a product bought. D)A situation where a few customers are charged the highest price they are willing to pay for each unit of a product bought. E)A situation where some customers are charged the same price for different products

Define perfect price discrimination. A)A situation where a firm can charge the highest price. B)A situation where a firm charges the highest price to a few of the customers C)A situation where a firm can charge the lowest price to a few of the customers D)A situation where a seller charges the highest price to all the customers who are willing to pay for each unit of a product bought. E)A situation where a seller charges the lowest price to some of the regular customers

Who is a natural monopolist? A)A single producer in a market,usually with monopoly rights over input resources,who is able to produce at a higher cost than competing firms could. B)A single producer in a market,usually provided with a government licence,who is able to charge a price higher than competing firms could. C)A single producer in a market,usually benefiting from government subsidies,who is able to produce at a higher cost than competing firms could. D)A single producer in a market,usually with large economies of scale,who is able to produce at a lower cost than competing firms could.

What is the term used for those goods and services which are regarded as essential and which are therefore usually provided by the government? A)Merit goods. B)Private utilities C)Public utilities D)Market goods

All of the following statements,except one,are true about a monopolist.Which is the exception? A)Its demand curve is downward-sloping. B)Average revenue and price are the same. C)Marginal revenue and price are the same. D)Marginal revenue and marginal cost are equal at the profit maximizing output.

Sole ownership of a particular resource is an example of what? A)A natural monopoly. B)A technical barrier to entry. C)An economic barrier to entry. D)A public utility.

Which of the following is true? A)A monopolist cannot make economic losses in the short run. B)A monopolist cannot make economic losses in the long run. C)A monopolist always makes economic profits. D)A monopolist never makes economic profits.