11/20 notes Flashcards
1
Q
what are the two kinds of monopolies
A
natural and regular
2
Q
what kind of monopoly is this
A
regular
3
Q
what kind of monopoly is this
A
natural
4
Q
traits of perfect competition
A
profit = 0
p=ATC min/1
p=mc
5
Q
will natural monopoly be regulated
A
yes