Based on the fact that Mary Hills is simply asking a series of open ended questions, she is most likely conducting a <u>qualitative research. </u>
Qualitative research:
- Is based on first hand information
- Is based on non-numerical data
Mary Hills is obtaining information from people directly so this is first hand information. Mary Hills is also using open ended questions which are not numerical.
We can therefore conclude that this is qualitative research.
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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 definition of basis is the underlying support or foundation for a idea, or argument
I am pretty sure that the answer is C