"What FERC Does. This domain of this cookie is owned by agkn. Examples of infrastructure include cables and grids for electricity supply, pipelines for gas and water supply, and networks for rail and underground. b) total revenue and total cost are equal. E) demand for lemonade is seasonal. at the profit maximizing level of output, marginal benefit is greater than marginal cost. This cookie is used to set a unique ID to the visitors, which allow third party advertisers to target the visitors with relevant advertisement up to 1 year. c) each seller supplies an identical product. The ID information strings is used to target groups having similar preferences, or for targeted ads. At the beginning of the current year, two bond issues (Simmons Industries 7% 20-year bonds and Hunter Corporation 8% 10-year bonds) were outstanding. C) downward sloping. government regulation; government regulation reduces prices, but results in barriers. Natural monopolies often arise in industries where the marginal cost of adding an additional customer is very low, once the fixed costs of the overall system are in place. 2. The cookie is used for targeting and advertising purposes. D) high national concentration and a low HHI at the local level. The information is used for determining when and how often users will see a certain banner. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. If there were to be another competing firm, the natural monopolies market share would significantly fall, meaning they wouldn't be able to produce as much as before causing them to not be able to exploit these economies of scale. Secondly, if there were two firms in a market there would be a waste of resources and a misallocation of resources as Wasteful Duplication of facilities would be installed. A natural monopoly occurs when an individual firm comes to dominate an industry by producing goods and services at the lowest possible production cost. Investopedia requires writers to use primary sources to support their work. b) is allocatively inefficient; the socially optimal price is allocatively efficient. A) is able to keep other producers out of the market. Thus, consumers will suffer from a monopoly because it will sell a lower . C) restricted-input monopolies. If ATC > MC and you want to achieve Qso, you'll need to offer a lump sum subsidy with the price ceiling, best option: Operate at Q (socially optimal), Can't only use a price ceiling if P

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