What is meant by natural monopoly

Assignment Help Business Economics
Reference no: EM131084775

An important reason for the economic regulation of industry is the presence of a natural monopoly. A. Briefly explain what is meant by a natural monopoly. B. How is a natural monopoly efficient in one way but inefficient in another? C. Discuss two ways in which a regulatory commission could eliminate the inefficiency associated with a natural monopoly. D. Does your answer above meet the “incentive regulation criteria”? Explain.

Reference no: EM131084775

Questions Cloud

Regarding deregulation : Regarding deregulation-Much of the empirical evidence shows that deregulation has improved efficiency in the U.S. How can deregulation improve efficiency?
States right to vote shall not be denied on account of sex : Amendment states that the right to vote shall not be denied on account of sex. Write in 500 words about this amendment answer the following question.
Apply the idwt to determine the 2d data : Apply the IDWT to determine the 2D data.
Regarding behavioral economics and social regulation : Regarding behavioral economics and social regulation: A. How has research in behavioral economics contributed to new and better social regulations? B. By definition, social regulations limit individual freedom and are paternalistic. Explain how a pol..
What is meant by natural monopoly : An important reason for the economic regulation of industry is the presence of a natural monopoly. A. Briefly explain what is meant by a natural monopoly. B. How is a natural monopoly efficient in one way but inefficient in another? C. Discuss two wa..
Difficult problems of party politics and slavery : How did Jeffersonians deal with the difficult problems of party politics and slavery? Additionally, discuss the achievements and disappointments of the Jefferson Administration. Would you consider Jefferson one of our greatest presidents why or why n..
Discuss the characteristics of law that are consistent : Discuss the characteristics of law that are consistent with: A. Mill’s Principle and Libertarianism B. Paternalism C. Libertarian Paternalism D. Asymmetric Paternalism
Determining the animal behavior aid survival-reproduction : Explain why asexually reproducing organisms are generally found in environments that do not change very much through time, while sexually reproducing organisms are very successful in environments that change dramatically through time.
How taxes and quotas will affect the market price : Regarding market constraints: A. Explain how taxes and quotas will affect the market price, the consumption level, and total (consumer plus producer) surplus in a particular market. B. Will you answer depend on whether the market is perfectly competi..

Reviews

Write a Review

Business Economics Questions & Answers

  What price did the student sell the gatorade for

A faculty member sells Gatorade at UNC Charlotte football games. He finds that if he raises his selling price by $1, he sells 5 less bottles each week. He turns over the operation to a Managerial Economics student for a week. What price did the stude..

  Framework into a widely accepted environmental policy

Discuss how policy makers can incorporate the Domestic Climate Policy Framework into a widely accepted environmental policy. Provide examples

  Analyze the given graph of a linear programming model

Analyze the given graph of a linear programming model with a single constraint and the objective function: Determine the values by which the constraints c1 and c2 must decrease or increase in order to change the current solution point shown in the gr..

  Illustrate what this meant for the us population

Elucidate the drastic change also Illustrate what this meant for the U.S. population.

  Industry are just able to cover their cost of production

“When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business.” True ..

  Cause variation in household spending patterns

Which of the following is most likely to cause variation in American household spending patterns?

  Methods of analysis-regarding transportation planning

How does model analysis compare to cost benefit analysis regarding transportation planning? What political elements are involved with transportation planning for cities? Would you recommend a single method of analysis or a combination of methods of a..

  Explain how many fish should a commercial fisherman try

Explain how many fish should a commercial fisherman try to catch a day. Should he catch as many as possible or return to dock before filling the boat with fish.

  Suffering from low-priced foreign competition

Imagine that you are a lobbyist for timber, an established industry suffering from low-priced foreign competition, and you are trying to get Congress to pass trade restrictions. Which two or three of the five arguments do you think would be most pers..

  Aggregate demand or aggregate supply

What effects would each of the following have on aggregate demand or aggregate supply, other things equal? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output, assuming that the price le..

  A major statistics canada household survey

A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.

  Primary disadvantage of producing inputs within a firm

Which of the following is the primary disadvantage of producing inputs within a firm?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd