Answer:
An example of a natural monopoly is tap water.
Explanation:
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 is impractical to have more than one firm producing the good.
I think this could be a psychological phenomenon: people look for some symbols common to humanity, that would represent humanity as a whole.
The ancient Seven Wonders were a reminder of how far humanity has come and something that all the people who referred to them had a common: a wonder at how magnificent these structures were.
Answer:
Yes they can, they can change history by creating disaters in various areas.
Explanation:
Explanation:
Sun power plants utilise light energy from the sun to heat water until it becomes steam.
Answer:
For Andy, it is a specialty good
For Joanne, it is a convenience good
Explanation:
The specialty goods incur special purchasing efforts and the items posses some special features. The buyers are willing to spend a lot of time & money to buy them just as in the case of Andy while convenience goods are items which are bought frequently, immediately and with minimum shopping efforts and no particular regard for brand as in the case of Joanne.