Natural monopolies and the reason to exist in the free market system
Explanation:
In a natural monopoly when a market can supply goods or the cost of the goods can be lowered in competition with the potential competitor then it is called as natural monopoly. In a market when the first supplier of the product is demanding more cost or raises the costs of the product then it eventually rises to natural monopoly.
Here the products are given at a lower rate than the capital supplier. They are available in free market because people always tend to go for lower prices and for a good quality product.
The answer would be c. Here
Answer:
The federal government runs all the states combined, under common federal law, while the state, or provincial government, operates under local state-wide laws. ... The federal government is where the federal laws that are made by the US Congress, are applied, while the state government is where state-wide laws made.
Answer:
It's: The Empirical approach and relies on the observation and experimentation
