To keep costs to a minimum for consumers <span>is it in the best interest of the government to regulate natural monopolies
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Answer:
The answers are attached in the following two images.
Explanation:
Consider the data provided by you. The solution of the problems are attached below with the explanations necessary to resolve the problems. If you have any question please ask.
Answer:
I’m thinking it’s A. But I’m not for sure
Explanation:
I looked it up ;)
Answer:
set above the equilibruim price
Answer:
A) attempt to cure the defect
Explanation:
In this scenario Grange Co-op is recieving high quality seed from Fruited Plain. Only half of the high quality seed is available, the other half is made up of lower quality seed that is half the price of the higher quality one.
Since time for performance is not yet expired the best option for Fruited Plain is to attempt to cure the defect in the lower quality seeds and make them high quality.
They also have a lower cost of half what would have been spent on the remaining seeds. This fund can be used to cure the defect in lower quality seeds