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.
Explanation:
Nepal had practiced unitary system of government for a long decade. Under unitary system, efforts had been made for balance and proportional development. But it failed to meet people expectation .Therefore federalism was raised as a political agenda against unitary system after the success of people's movement-2 ,2062/063 .Hence, Nepal was declared a Federal state .
<em>I </em><em>HOPE </em><em>THIS </em><em>WILL </em><em>BE </em><em>HELPFUL</em><em> </em><em>TO </em><em>U.</em>
<em>Answer:</em>
<em>Answer:The traditional cultural values that influence the psyche of the Chinese people are harmony, benevolence, righteousness, courtesy, wisdom, honesty, loyalty, and filial piety.</em>
<em>Answer:The traditional cultural values that influence the psyche of the Chinese people are harmony, benevolence, righteousness, courtesy, wisdom, honesty, loyalty, and filial piety.Explanation:</em>
<em>h</em><em>o</em><em>p</em><em>e</em><em> </em><em>this</em><em> </em><em>helps♡♡</em>
In a true democracy, the rights of the individual are not fully protected. Instead, if they wanted their rights to be protected, the best way is to abandon democracy and convert it into a republic. In a republic, the rights of the individual are protected by the constitution. Hope this helps.
Answer:
The Correct answer is B.
Explanation:
A Producer in an Insurance Company is a Consultant to members of the public in need of Insurance. A Producer is a professional Insurer/Agent who goes to markets and brokers to trade for the insured.
One of the duties of a producer is to ensure that he acts in fiduciary when handling premiums and applications for the insured. Other duties include; to monitor the increase in sales on behalf of existing clients, a Producer should be innovative by bring up new strategies to improve its clientele etc.
Fiduciary mean to " act in good faith". A Producer should always act in good faith by representing the interest of the insured at all times and to carefully monitor insurance policies.
