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 impractical to have more than one firm producing the good.
Examples are Gas network, Electricity grid
Railway infrastructure.
A natural monopoly poses a difficult challenge for competition policy, because the structure of costs and demand seems to make competition unlikely or costly.
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~Melis
He was a member of a prominent family in the Cherokee nation and was born in 1802 and died at the age of 37 in 1839.
<span>Bureaucracy! That is the main problem of the empire and mostly the republic. The republic fell because the size of the empire was to big, the events were moving rapidly and there was no time for bureaucracy, voting, debating and so on. When Rome became an empire it didn't of course change immediately</span>
It is when whatever you are doing lasts half the time that it would normally take.
Statement that describes what members of a culture are able to do, when culture is seen as one that create a context for behavior is : determine the proper behavior for a cultural situation.
- Culture is very important in the society, because it serves as way of life, it helps to regulate the behavior in the society.
- Different region has different cultures which means our behaviors differs through the universe.
We can conclude that culture serve as way of life.
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