Answer:
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. An example of a natural monopoly is tap water.
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<span> Congress had the constitutional right to regulate commerce between the states</span>
Answer:
Auguste Comte, the founder of sociology suggested that we apply the scientific method to the social world in a process he called Positivism. Auguste Comte, born 1798 is known as the founding figure of sociology, a term he called social sciences. He was associated with positivism, which is the belief that in studying the society, one must achor it in facts and scientific techniques.
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Answer:
puffery
Explanation:
The word puffery is used to denote an undue or exaggerated praise. Puffery is a marketing strategy, using which commercial entities advertise their product as best or unique. However, it should be noted that puffery is neither deceptive nor illegal. For example, if one advertises that he makes the best ice-cream, he is not comparing with it others.
