A. rival but not excludable
B. neither rival nor excludable
C. not rival but excludable
D. both rival and excludable
Related Mcqs:
- Which of the following is necessary for a natural monopoly ?
A. economies of scale
B. a high proportion of the total cost in the cost of capital goods
C. the market is very small
D. all of the above - Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will ?
A. Cause the monopolist to exit the market
B. improve efficieny
C. raise the price of good
D. attract additional firms to enter the market - If regulators break up a natural monopoly into many smaller firms, the cost of production ?
A. will rise
B. will fall
C. will remain the same
D. could either rise or fall depending on the elasticity of the monopolist’s supply curve - A natural monopoly has a declining _______ over a large range of output?
A. long run marginal cost
B. short run marginal cost
C. long run average cost
D. long run marginal cost - The problem posed by a natural monopoly is that it faces a _____ This means that _______?
A. increasing average cost curve, marginal cost lies above average cost
B. increasing average cost curve, marginal cost lies below average cost
C. decreasing average cost curve marginal cost lies above average cost
D. decreasing average cost curve, marginal cost lies below average cost - In monopoly which of the following is true ?
A. There are many buyers and sellers
B. There is one main buyer
C. There is one main seller
D. The actions of one firm do not affect the market price and quantity - A welfare loss occurs in monopoly where ?
A. The price is greater than the marginal cost
B. The price is greater than the marginal benefit
C. The price is greater than the average revenue
D. The price is greater than the marginal revenue - In a monopoly which of the following is not true ?
A. Products are differentiated
B. There is freedom of entry and exit into the industry in the long run
C. The firm is a price taker
D. There is one main sellers - Comparing a monopoly and competitive firm, the monopolist will ?
A. produce less at a lower price
B. produce more at a lower price
C. produce less at a higher price
D. produce less at a lower price - Groundnut crop is the monopoly of ?
A. Indonesia
B. Bangladesh
C. Pakistan
D. India
