Answer:
An example of a natural monopoly is tap water.
Explanation:
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 is impractical to have more than one firm producing the good.
Answer:
Recycled materials
Explanation:
Opportunity cost is a term in Economics defined as the alternative or profit forgone as a result of choosing another alternative.
In the question above, the company uses wood pulp (chemically processed wood) which is the real cost and alternative chosen. It was chosen instead of the recycled materials which serves as the opportunity cost as it was the alternative which was forgone for the choice of the wood pulp by the company.
<span>A SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats), a business study designed to avoid seeking goals that are unrealistic, unprofitable or unachievable within a project, organization, or business.</span>
Answer:
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Explanation:
I'm sorry can you repeat the question?
