Question: 2 4 . A natural monopoly isA. excludable and rival in consumption.B . excludable and non - rival in consumption.C . non - excludable and

24. A natural monopoly isA. excludable and rival in consumption.B. excludable and non-rival in consumption.C. non-excludable and rival in consumption.D. non-excludable and non-rival in consumption.25. If free trade is allowed, a country will export a good if the world price isA. above the pre-trade domestic price of the good.B. below the pre-trade domestic price of the good.C. equal to the pre-trade domestic price of the good.D. none of the above.

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