A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it impractical to have more than one firm producing the good.
Examples are Gas network, Electricity grid
Railway infrastructure.
A natural monopoly poses a difficult challenge for competition policy, because the structure of costs and demand seems to make competition unlikely or costly.
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~Melis
<span>Each is different based upon who the clients are for each category. In the advocate case, the administrator is tasked with helping those who they are in charge of and are to try to find the best conditions for their charges. For the broker role, the administrator is working with other people of like status and trying to find ways that best assist the company as a whole.</span>
Answer:
During the second millennium BC, the Phoenicians became seafaring merchants...
Explanation:
Phoenicians were, back in the day, quite famous sailors, traveling even beyond the Mediterranean and into the Atlantic. They were influenced by, among other reasons, the desire to trade and the possibility of bringing home silver, gold and tin. Their reputation got them represented in artistic works in other lands, and several nautical inventions are attributed to them.
It is the crops that did that.
