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:
the animals that are usually used by people to earn their livelihood are cattle animals such as cow goat and buffalo. Explanation: the cattle animals are good sources of milk.
Answer:
- One from natural encounters
Explanation:
The kind of construction project displayed here would be from 'natural encounters' as it involves a structure similar to the natural establishment. This is clearly revealed through the descriptions like 'Dimtri's crawl over the area consisting of large blocks with a structure of three-sided compounds along with boards in place of the proper roof and it seeming like he was returning yo his den' Thus, it shows that the area is designed by keeping the ancient cave-like structure in mind.
Alexander The Great founded the city of Alexandria on the Nile Delta.