If government regulators guarantee a natural monopolist that it will earn normal profits, then the monopolist will Group of answer choices

If government regulators guarantee the natural monopolist that it will earn a normal profit, then, the monopolist will not have any incentive to hold down costs.

Explanation:

Normal profits are the profits that allow a business to cover its total costs: both explicit costs and implicit costs. Explicit costs are those that have to be paid explicitely, for example: rent or wages, while implicit costs are the opportunity costs of not running a business.

If the natural monopolist has a government guarantee that it will always make a normal profit, then, it will not have any incentive to reduce costs, whether explicit costs or implicit costs.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; no individual buyer or seller has any significant impact on the market price;