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skad [1K]
2 years ago
13

As utility companies tend to serve a whole market exclusively, they are known as ______ because the governments involved believe

that the product or service would not be supplied otherwise.
Business
1 answer:
kykrilka [37]2 years ago
7 0

Natural monopoly  tends to serve a whole market exclusively.

<h2>What is Natural Monopoly?</h2>

A natural monopoly is a sort of monopoly that frequently arises as a result of the high start-up costs or considerable economies of scale of operating a business in a particular industry, which can result in significant barriers to entry for potential competitors. In a certain sector or region, a corporation with a natural monopoly might be the exclusive supplier of a given good or service. In industries that need specialized technology, raw materials, or other elements to function, natural monopolies may develop.

<h3>Key Features of Natural Monopoly</h3>
  • A natural monopoly is a special kind of monopoly that develops when there is only one company that can effectively provide the service in a particular area due to high start-up costs and considerable economies of scale.
  • A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region.
  • Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.

Learn more about Natural monopoly here:

brainly.com/question/2182872

#SPJ4

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Letitia is a salesperson. She routinely sells at a lower volume than her colleagues. However, she offers excellent customer serv
Lina20 [59]

Answer: halo error

                                     

Explanation: In simple words, halo error refers to the mistake or bias that occur in the performance evaluation when someone evaluates other on the basis of their personal perception and not on the basis of the performance done by that individual.

In the given case, Letitia is evaluated above than others although she sells lesser volume than others. This happens due to the perception of her supervisor that customer service is more important.

4 0
3 years ago
50 - 3 = i bored wanna talk :)
Softa [21]
It’s 47, and what do you wanna talk about?
8 0
3 years ago
Read 2 more answers
Which statement indicates the impact of globalization on the African farming community?
svp [43]

The statement that indicates the impact of the Globalization on the African farming community is use of modern methods of farming increased the crop production of the people.

<h3>What is Globalization?</h3>

Globalization is a term which refers to the interconnection and interaction of the economy with that of the world's economy. It involves the exchange of the knowledge, trade, technology and even people.

The complete image of the question is attached below.

The African farmers faced many challenges but still they are graced with a very appropriate soil type, which has been aided by modern irrigation practices, fertilizers.

Many of the international aggro-processing company that set up factory near the village in the hopes of obtaining easy and cheap labor. As a result of these factors, people's crop production has increased dramatically.

Learn more about farming here:

brainly.com/question/12586721

#SPJ1

6 0
2 years ago
Sheffield Corp. is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the
son4ous [18]

Answer:

The correct decision would be to process further before product is sold

Explanation:

Profit if the product is sold un-assembled

Selling price                                          $135

cost of un-assembled product            ($60)

Profit on un-assembled  product         $75

Profit if the product is further assembled before sale

Selling price                                         $170

Cost of un-assembled product           ($60)

Cost of assembling product                ($25)

Profit if the product is assembled       $85

The profit increased by $10 if the product is further assembled before it is sold.

Hence the best course of action would be to further assemble the product before it is sold

7 0
4 years ago
Started business with cash rs 30000 and bank balance rs 50000​
olga2289 [7]

Answer and Explanation:

The journal entry is shown below:

Cash Dr 30,000

Bank Dr 50,000

      To Capital 80,000

(Being cash and bank brought into the business)

Here the cash and bank is debited as it increased the assets and credited the capital as it also increased the equity

7 0
3 years ago
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