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
Answer:
unlimited personal liability
Explanation:
This means that creditors of the business and individuals who have other claims against the owner can reach BOTH the owner's BUSINESS and PERSONAL ASSETS.
Answer:
Podemos distinguir si algo es bueno o malo moralment basandonos en nuestros actos y las consequencias de ellos. Algo sera bueno cuando este de acuerdo con dichas normas, y malo cuando este en desacuerdo.
