1. One government policy for dealing with a natural monopoly is to:

a) impose a price floor to eliminate the deadweight loss.

b) impose a price ceiling to reduce economic profit.

c) break it up into smaller firms.

d) impose fines on the monopolist.

Question

Business

Guillermo Gregory

9 November, 16:23

1. One government policy for dealing with a natural monopoly is to:

a) impose a price floor to eliminate the deadweight loss.

b) impose a price ceiling to reduce economic profit.

c) break it up into smaller firms.

d) impose fines on the monopolist.

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Answers (1)

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Evelyn Stevens · Answer 1

The correct answer for the question that is being presented above is this one: "b) impose a price ceiling to reduce economic profit." One government policy for dealing with a natural monopoly is to: b) impose a price ceiling to reduce economic profit.

1. One government policy for dealing with a natural monopoly is to:a) impose a price floor to eliminate the deadweight loss.b) impose a price ceiling to reduce economic profit.c) break it up into smaller firms.d) impose fines on the monopolist.

1. One government policy for dealing with a natural monopoly is to:

a) impose a price floor to eliminate the deadweight loss.

b) impose a price ceiling to reduce economic profit.

c) break it up into smaller firms.

d) impose fines on the monopolist.