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.
I don’t know your answer choices, but I do know that farmers hated tariffs. This is because they believed it was unconstitutional. It also made prices too high.
A secondary source is a document or recording that relates or discusses information originally presented elsewhere. Such as a magazine, textbook, or book-review
The general conclusion that can be drawn about the nature of learning is: <span>The capacity to learn is essential to the survival of all human and nonhuman animals.
The environment that humans that lived in will always changing. In order to survive in this environment, we need to constantly do an adaptation. There is no way we could learn to adapt if we do not learn about the environment around us.</span>
