An example of a natural monopoly found across the globe is power delivery.
Is electricity a natural monopoly?
- Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
- A natural monopoly exists when average costs continuously fall as the firm gets larger.
- An electric company is a classic example of a natural monopoly.
What are some examples of monopolies?
Natural gas, electricity companies, and other utility companies are examples of natural monopolies.
They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.
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Answer
Hi,
Correct answer option is {c}
Explanation
There are four stages of solving problems at a workplace;
• Defining the problem where the manager identifies the issue at hand to obtain detailed information about it
• Going through the alternatives, where it involves balancing logical thinking and creativity in accessing and comparing alternatives
• Selecting the best strategy that involves carefully consideration of the options and deciding the strategy which is best for the workplace problem
• Implementing the solution which involves applying the a mixture of reductive analysis and system thinking.
All the Best!
It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.
The three key reasons startups require funding are attorney fees, capital investments, and marketing research.
<h3>What is a Start-up?</h3>
A startup is a company that is still in its initial stage of operation. The initial stages of operation require significant investment in attorney fees, Capital investment, and marketing research.
In most cases, a startup is created by one or more entrepreneurs who have a vision or a goal to solve a business problem.
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Answer:
Letter A is correct. <u>Cause-oriented.</u>
Explanation:
A cause-oriented approach to problem solving is a method characterized by focusing on the history of the problem and then thereafter finding the root cause that originated it.
It is a very effective method when used to find solutions to various organizational problems that are apparently unsolved.
