The correct answer is C.
A natural monopoly is a market situation in which a single firm serves the whole market, therefore it is the only producer of a certain good or service, due to the fact that there exist some natural conditions which establish huge barriers for new competitors entering in the market, in the sense of extremely large fixed costs.
In such a case there is no market competition, therefore the monopoly can decide on the quantity supplied and on the price of the products (usually establishing a much higher one that if there was competition). Such a situation is harmful for consumers. They purchase products at a higher price and with lower quality because, as there is no competition, producers are not forced to continuously develop and improve their products. This is why goverment intervenes, trying to soften the situation by decreasing the profits of the monopolists and increasing the welfare of consumers, and the social welfare.
<span>The nobles of the Renaissance differed from the
nobles of previous times because they belonged to royalty and were provided
with land in order for their will to protect the King. </span>
According to John Horn, fluid intelligence steadily declines from middle adulthood onward. Fluid intelligence is described as ability to solve problems at the moment-navigated and adapt to a new situation. According to John Horn, there is a fluid and crystallized intelligence.
Answer:
What bests describes the context of President Roosevelt's remarks is gaining support for the new deal.
Answer:
The life around the urban areas is very fast and complicated unlike rural life where everything is calm, simple and relaxed. Urban settlement has cities and towns unlike rural areas where there settlement includes villages and hamlets. There is greater isolation from nature up in urban areas because of the existence of the built environment.
Explanation:
