A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it impractical to have more than one firm producing the good.
Examples are Gas network, Electricity grid
Railway infrastructure.
A natural monopoly poses a difficult challenge for competition policy, because the structure of costs and demand seems to make competition unlikely or costly.
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~Melis
Answer:
1 - The Treaty humiliated the Germans, it forced war reparations, and the handover of territory full of Germans to other nations most notably to Poland, along with the lost of its colonies.
2- Fascism is a complex ideology however they generally believe their nation and race is superior then all others, they believe is a one party totalitarian state along with the mobilization of society, ready for war and traditional values.
Answer: According to Piaget, May Lin's ability to use a doll as a representation of a real baby illustrates that she is capable of: SYMBOLIC FUNCTION.
Explanation: Symbolic function in Piagetian theory illustrates the ability of an individual to mentally use an object (the doll) to represent something that is not physically present (her baby brother).
The whole continent was unified by the authority of the Church.
Explanation:
- While on the East, Byzantine Empire managed to preserve the solemn authority, the situation on the West was quite different.
- Numerous barbaric states were incompetent to unify the whole area, but the things changed when strong rulers of the Frankish Kingdom realized that they need the help of the church to make their authority even stronger.
- Catholic Church was actually the only institution that survived the previous era, and whose authority was recognized by practically everyone, including the Holy Roman Emperors.
Learn more on Catholic church on
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