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.
Hope this helped :D
~Melis
Answer:
Symbolic Interactionism theory.
Explanation:
Symbolic Interactionism theory is the theory of mass media that studies the behaviour of people towards someone or something. Through this theory, the researchers are able to study that why people behave in certain manner with someone and in other manner with others.
<u>It is said the people act and interact based on the shared symbols. Through the theory of symbolic interactionism, researchers are able to know that how media is able to use this principle of shared symbols to create its own symbols. Through this theory one is able to access why people choose certain media and not others as the way they share symbols.</u>
So, the correct answer is symbolic interactionism theory.
Answer:
In a constitutional monarchy a ruler's powers are limited by a document called a constitution. Governments with oligarchic attributes are ruled by a small group of powerful and/or influential people. These people may spread power equally or not equally.
Explanation:
The government started to regulate this part of industry
