An example of a natural monopoly found across the globe is power delivery.
Is electricity a natural monopoly?
- Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
- A natural monopoly exists when average costs continuously fall as the firm gets larger.
- An electric company is a classic example of a natural monopoly.
What are some examples of monopolies?
Natural gas, electricity companies, and other utility companies are examples of natural monopolies.
They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.
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Answer:
Stern must borrow 13,530dollars at least to achieve is minimum monthly cash balance.
Explanation:
beginning cash balance: $ 12, 270
cash receipts $ 97,200
cash disbursements <u> $(115,000) </u>
cash balance before financing: $ (5,530)
minimun balance required $ 8,000
financing requirement: 8,000 - (-5,530) = 8,000 + 5,530 = 13,530
Answer: To meet all consumer needs
Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.
Thus, option D- to meet all consumer needs is the correct choice.
Discretionary fiscal policy is defined as fiscal policy triggered by the state of the economy.
<h3>What is discretionary fiscal policy?</h3>
This refers to the decision of the federal government to increase or decrease taxes. Here, the changes in taxes are subject to the president and congress approval.
Hence, discretionary fiscal policy is defined as fiscal policy triggered by the state of the economy.
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Answer: B. CONFLICT PERSPECTIVE
Explanation:
CONFLICT PERSPECTIVE
This theory which was opined by Karl Marx suggests that society keeps competing for limited resources and as such is in continuous conflict.
According to this theory, individuals and groups within society work to maximize their benefits and hold onto wealth by any means necessary including the disregard of the health and safety of athletes in this scenario.
