11/20 notes Flashcards by Arianna Anderson | Brainscape

Q

what are the two kinds of monopolies

A

natural and regular

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Q

what kind of monopoly is this

A

regular

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Q

what kind of monopoly is this

A

natural

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Q

traits of perfect competition

A

profit = 0
p=ATC min/1
p=mc

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Q

will natural monopoly be regulated

A

yes

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