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单项选择题

The demand for products from monopolistic competitors is elastic due to:

A. high barriers to entry.
B. the availability of many close substitutes.
C. the availability of many complementary goods.
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单项选择题When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the:

A. AC curve intersects the MR curve.
B. AC curve intersects the demand curve.
C. MR curve intersects the demand curve.

单项选择题A natural monopoly may exist when:

A. economies of scale are great.
B. AC increases as output increases.
C. all production is divided up between just a few firms.