1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sidana [21]
3 years ago
10

Which choice would be LEAST likely to be allowed to function as a natural monopoly in a society's economy?

Social Studies
2 answers:
kotykmax [81]3 years ago
5 0

First of all, it is necessary to understand the concept of monopoly, which is the event of a single person or enterprise controlling the supply of a particular commodity. Following that logic, a natural monopoly can be understood as a given industry wherein high infrastructural costs and other barriers to entry relative to the size of the market give the largest - usually the first supplier - in the market a virtually overwhelming advantage over competitors.

Therefore, it is possible to affirm that the lesta likely choice to be allowed to function as a natural monopoly in a society economy is food distribution, which can be performed by several different enterprises/individuals.

On the other hand, watershed management, electricity generation and hazardous waste disposal, due to their high cost of capital, creating economies of scale that are large in relation to the size of the market.



Bezzdna [24]3 years ago
3 0

<u>Food distribution would be least likely to be allowed to function as a natural monopoly in a society’s economy due to its very low start-up costs.  </u>

Further explanation:

A natural monopoly is a kind of monopoly that comes into existence due to high start-up costs and presence of a high level of economies of scale in a business. Food distribution is least likely to be allowed to work as a natural monopoly due to its low level of cost for starting up. A food distribution industry does not require special kinds of equipment and raw material to operate like the case of other natural monopolies.  

Justification for the correct and incorrect answer:

A) Food distribution: This option is correct.

A food distribution industry does not require special kinds of technology, equipment, and raw material to operate and thus, the starting cost of a firm in such an industry is very low. Therefore, a food distribution firm is least likely to be allowed to work as a natural monopoly.

B) Watershed management: This option is incorrect.

The operations of a firm dealing with watershed management need a high level of technology and huge costs. This provides a rationale that why a watershed management firm is most likely to be a natural monopoly in an economy.  

C) Electricity generation: This option is incorrect.

The initial costs associated with setting up of an electricity generation plant are substantial. The technology used in electricity generation is also highly technical and thus, it is more likely to be a natural monopoly.  

D) Hazardous waste disposal: This option is incorrect.

The plants, equipment, and technique used in hazardous waste disposal are very sophisticated involving advanced technology. This raises the costs of setting up a plant for hazardous waste disposal. Thus, a hazardous waste disposal firm is more likely to be a natural monopoly.  

Therefore, food distribution is least likely to be allowed to work as a natural monopoly in an economy.  

Learn more:

1. Learn more about cartel and monopoly

<u>brainly.com/question/1619397 </u>

2. Learn more about monopoly

<u>brainly.com/question/925825 </u>

3. Learn more about a competitive market

<u>brainly.com/question/11095403 </u>

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Natural monopoly

Keywords: what, choice, would be, least likely, to be allowed, to function as, a natural monopoly, in an economy, food distribution, watershed management, electricity generation, hazardous waste disposal, huge start-up cost, unique raw material, equipment, technology, sophisticated inputs.

You might be interested in
What are the benefits of allowing free trade between countries help plz
Alexxandr [17]

Answer:

"there will be more goods available at lower prices

Explanation:

4 0
3 years ago
Which statements describe Abū Bakr? Choose three correct answers.
lara31 [8.8K]

Answer:

he became the first caliph ( i know this 4 a fact)

he was a trusted adviser

he helped to units the arabian

Explanation:

6 0
4 years ago
Read 2 more answers
What motivated Texas to be independent from Mexico?
Mademuasel [1]
The Declaration of November 7, 1835, passed by the Consultation announced that the Texan war against Mexico principally intended to restore the Mexican Constitution of 1824, abrogated by the actions of President Antonio Lopez de Santa Anna, and to achieve separate Mexican statehood for Texas
5 0
2 years ago
The Tigris river is northeast of the Euphrates River.<br><br> True or False?
Anastaziya [24]

Answer:

true

Explanation:

4 0
2 years ago
Read 2 more answers
Describe the physical characteristics of the Belgian blue cow how does this cow compare to the more common type of cow that we s
WINSTONCH [101]

Answer:

Belgian Blues are recognisable from their extremely muscled frame and huge size. In fact, they actually develop what is called ‘double-muscling’! They have well-defined backs and loins with strong-looking legs, and bulls can often reach a weight of 1250kg, while cows weigh about 900kg.

6 0
3 years ago
Other questions:
  • Powers that are not directly related to the writing and passing of legislation are called
    6·1 answer
  • The term Terman's "Termites" refers to
    8·2 answers
  • The heads of the state police force and militia report to the state
    8·1 answer
  • Mr. Lupez has his students keep a study log and a log of their homework grades in his class. Further, he has them maintain folde
    14·2 answers
  • What us rule of law? meantion its any six basic element.​
    10·1 answer
  • The Native Americans were mad at the British because
    8·2 answers
  • Jane, who is a freshman in college, has suffered with dysthymia for about a year. as she was coming home from the library one ni
    5·1 answer
  • If you had to choose either Turkey or Saudi Arabia to live, which would you choose?
    13·1 answer
  • Identify one effect of the creation of Gutenberg’s press.
    13·1 answer
  • What is the purpose of truth?​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!