A natural monopoly exists when    Question 3 options:   a)  the product is sold in its natural condition    b)  there are economies of scale over the entire range of output    c)  the firm is always characterized by a rising marginal cost curve    d)  production requires only natural renewable resources

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A: Year Cash Flow 0 0 1 90 2 80 3 70 4 60 5 50 6 40 7 50 8 60 9 70 10 80 11 90

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Q: uppose for Home: Ms=2169, Md/P=5767-99865*R, P=2 Suppose for Foreign:Ms=2655, Md/P=7099-98140*R,…

A: Home Ms=2169 Md/P=5767-99865*R P=2 Foreign Ms = 2655, Md/P=7099-98140*R P=1