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.
I believe the answer is: <span>means testing.
</span><span>means testing refers to the test that is aimed to determine whether an individual or a family is eligible to receive government's aid.
Factors that could influence the outcome of means testing are: collective income, number of children, or ethnicity.</span>
Answer:
project team
Explanation:
Project team -
It is a the type of team , where the members usually comprises of different groups , and are allotted various task according to their specialization and are required to work together , until and unless the work is complete , is known as project team .
Same , is the case with the team comprising of architects and engineers to complete the work for the construction of the bridge .
Answer:
B and D
Explanation:
The liquor code in Pennsylvania is a governing body to licensees. These licensees are required to follow this law and deviation could result into serious problems for the licensee and those working there.
Under the law it is forbidden to sell drinks to those who are visible intoxicated, and also to minors.
