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.
Earthquakes and volcanoes threaten altiplanos meet at the regions edge in the Andes.
Answer:
This statement is FALSE
Explanation:
Civil law is based on certain laws that are organized in codes. When law courts interpret civil law, they consider these specific codes. They do not use tradition, precedent and custom. This is why a civil law system is less flexible, since the judges rely upon the details of the codes and the do not interpret further than that.
Inspired by the outcome of the French Revolution and revolutionaries of the same cause, the upper class Creoles began to support the Revolutionaries' cause. With this many people, they were able to drive the Spanish out of Mexico, and declare their independence.
Answer:
B. Social Learning Theory
Explanation:
Theory of social learning is a theory of growth process and human behaviour that indicates that new habits can be learned by observation and imitation of someone else. The theory of social learning stresses the importance of studying and analyzing other people's behaviours, behaviors and emotional reactions. This theory suggests most human experience is learned from modelling observationally.
The highest degree of observational learning is accomplished first by symbolically arranging and rehearsing the model action and then actively instituting it.
