Which of the following would notbe a natural monopoly?

	A.	Potomac Electric Power Company
	B.	Nike Corp.
	C.	Baltimore Gas and Electric Company
	D.	A privatge sector firm providing tap water, such as United Water located in Paramus, NJ.

In real life, pure monopolies are rare, if they exist at all. Government will begin regulating the dominant firm in the industry well before it becomes the only firm in the industry.

True

False

In equilibrium, the monopolist will produce more than the socially efficient quantity of output.

True

False

If a monopolist is maximizing its profits, the industry is in equilibrium.

True

False

Unlike the purely competitive firm, the monpolist's average revenue curve lies below and slants steeper than the demand curve.

True

False