I think all of these fit well, but to best describe would be A.
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.
A hierarchy of authority is <span>a control mechanism for making sure the right people do the right things at the right time.
This is why a hierarchy of authority is so important, especially in the army and other military organizations. It has to be clearly stated who's in charge, and who's ordering others what they are supposed to do in order to ensure the success of the operation and avoid any failures.
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Answer:
Tenochtitlán, ancient capital of the Aztec empire. Located at the site of modern Mexico City, it was founded c. 1325 in the marshes of Lake Texcoco. It formed a confederacy with Texcoco and Tlacopán and was the Aztec capital by the late 15th century.
Explanation:
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In
group decision making, a form of tunnel vision that develops in which there is
only one "right" viewpoint and suggested alternatives are perceived
as signs of disloyalty is called groupthink.
<span>In
simpler form, groupthink discourages creativity, from the name itself, it talks
about the decision making as a group in which individuality is not accepted.</span>
