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: C
Explanation: Slaves weren't taught or allowed to learn much so they learned by stealing a book for example and reading it on their free time.
Answer:
6.0
Explanation:
it is in time so it would be fast understand
QUESTION 6 Answer: Passing the bar exam is both a necessary and a sufficient condition on becoming an attorney.
Explanation: Following is the chronology of steps that need to be followed to become an attorney.
1. Pursue a bachelor's degree course in any subject and pass it
2. Attempt the 'Law School Admission Test' and pass it.
3. Get a 'Juris Doctor' from a law school.
4. Pass the Bar Examination conducted by the Bar Council.
5. Acquire the license to practice law.
QUESTION 7 Answer: In the United States, winning the most electoral votes is both necessary and sufficient to be elected president.
Explanation: In the United States, the voting for the office of President is not done directly by the registered voters. Rather, the registered voters elect their representatives as electors. These electors together form a group named 'electoral college' which is entitled to vote in the presidential elections directly.
This form of election is called 'indirect election' in which the people choose their representatives and trust them to choose their President and Vice President.