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.
You see , specialization can help lead to an increase in economic efficiency , this means greater efficiency. It also helps with consumer benefits.
I really hope that this helps you a lot , have a nice day.
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Quebec has physical Atlantic coasts on the Gulf of St. Lawrence, Ungava Bay, and the Hudson Strait, so it is not apart of the atlantic provinces
I believe the answer is:
《Biblical allusions》
hope this help.
The place of his birth, name of his parents, number of siblings, possible education, descendants, etc.
Explanation:
- After his father's death in 1035, William succeeded the Duchy of Normandy when he was seven years old.
- He was then known as William II of Normandy.
- French King Henry I proclaimed him a knight, when he was 15 years old.
- With the help of King Henry of France, he broke the rebellion in Normandy in 1047.
- This provided him complete control of Normandy.
- He married Matilda in 1050, with whom he had six daughters and four sons.
Learn more on William the Conqueror on
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