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.
B. b. officials are restricted by the legislature.
Explanation:
2 is 3/4 of the state legislatures vote to ratify the amendment
<u>Answer:
</u>
The research paper titled 'Incorporation of Environmental Factors in Stock Assessments: Just Because We Can, When Should We' was presented by multiple authors and co-authors at the 145th annual meeting of the American Fisheries Society held at Portland, Oregon in 2015.
<u>Explanation:
</u>
- The research paper talks about the attempts made by the Society at incorporating various environmental factors in the practices of fishing in order to move towards sustainability.
- It emphasizes the successes of these attempts and calls for more varied and in-depth incorporation of sustainable environmental practices by suggesting possible practices in the discipline.
- The success of practices like the development of sustainable mechanism has been highlighted in the paper.
Before the states became states they were called colonies. The reason why they were called colonies was because that they were all colonies of Great Britain. They began being called states in July 1776.
