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.
Answer:
True
Explanation:
Research are simply designed and carried out in other to answer questions, therefore designing ar compiling research parameters would need to be tailored with the type of questions the researcher wants to find answers to. Research design may be in the form of surveys may be in the form of a questioneer., online or face to face interview of respondents carried out in other to obtain information from their interviewee. Surveys and other research designs are subjected to further scrutiny and testing to show relationship between measured variables. Thus, surveys and other research designs such as correlational study are mainly used to establish relationship or variation between variables.
Answer:
Horizontal mobility
Explanation:
Something develops when a persons personal employment changes but overall basic social status remains the same. For example, a doctor's employment may move from prescribing medications to instructing at a medical school, but their reputation and social position are expected to stay the same.
Answer:
dont know what your asking
Explanation:
