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.
Answer:
Restriction-of-range problem
Explanation:
In the above scenario,Dr. Stevens restricted the range and so isn't getting accurate measurements In the field of statistics restricting range would have to do with limiting data in the population such as a subset or sample of population/data to determine correlation between two pieces of information. Restriction of range in other words means condensing or shortening data in which case correlation is reduced.
Answer: Consensus
Explanation: Consensus is the extent to which other people behave in the same way in a similar situation. Jamal new boyfriend reaction and other audience to a performer at a comedy club signifies a high consensus among every member of the audience. If he compares her boyfriend response to the comedian and the other member of the audience, she is said to be focusing on consensus information.
The decreases in price leads to greater quantity demanded and limited supply, which occurs during excess demand.
Supply and demand are two of the most important factors in the economy, as they identify the elements within a consumption relationship. When an item is traded, there are always two economic agents involved: one that buys and the other that sells, which are, respectively, the plaintiff and the offerer.
