Answer:
The correct answer is a. has no incentive to hold costs down.
Explanation:
Given that in the natural monopoly there is no competition for the characteristic that we have as a company to offer our products at a lower price and with highly competitive quality, then the direct question of pricing will not have really in-depth studies that take into account the competitors' behavior in order to establish direct incentives. Its fixing method is basic and strictly depends on internal issues such as the expected profitability margin, supply, demand and production process.
Answer:
her accounting profits are less than her implicit costs
Explanation:
the costs of producing a minivan rise so the supply of minivans decreases.
Answer: Globalization of production
Explanation: In simple words, production globalization refers to the free flow of factors of production from one economy to others.
The business firms nowadays face a lot of competition due to which they always seek for sources which can provide them low cost or better quality at same prices.
Thus, globalization helps these firms to take benefit of price difference in factors of production in different economies.
