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:
Eli Whitney- Cotton Gin
Frances Lowell- Power loom
Elias Howe- Sewing Machine
James Watt- Steam Engine
Explanation:
Answer:
Kazakh, Russian and English
The correct answer is participant modeling.
Participant modeling refers to a psychotherapy technique in which a therapist models or demonstrates to their client how to respond to a fear provoking stimulus in gradual steps. After this, the client is encouraged to imitate the therapist's modeled behavior step-by-step so that he or she can learn how to cope with the fear provoking stimulus when faced with it outside a therapy setting.
