A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it impractical to have more than one firm producing the good.
Examples are Gas network, Electricity grid
Railway infrastructure.
A natural monopoly poses a difficult challenge for competition policy, because the structure of costs and demand seems to make competition unlikely or costly.
Hope this helped :D
~Melis
Answer:
Media richness
Explanation:
Green Team needs to understand the type of social interaction and the media richness. Media richness has to do with the different ways by which different communication media communicate to their users and make them understand things. By talking about media richness we are simply trying to evaluate how information is being transferred from the sender to the users.
Answer:
Empathy
Explanation:
Empathy is the ability to share from another's experience and emotions.
It is putting oneself in the situation someone is.
Advantage:
There is the advantage of a wider, international division of labor
Disadvantage:
Decisions are "democratic" and therefore may take longer to reach and more likely to be a compromise
