A firm is a natural monopoly if:_________

Business

1 answer:

Dima020 [189]3 years ago

6 0

Answer:

c. one firm can produce the total output of the market at lower cost than two or more firms could.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is a monopolistic business firm because they serve as the only power utility provider to the public. Also, a public power company refers to a company that provides power (electricity) utility to the general public of a society.

Hence, a firm is a natural monopoly if one firm can produce the total output of the market at lower cost than two or more firms could.

You might be interested in

When a marketing researcher is interested in making comparisons between two groups of respondents to determine whether or not th

Sergio039 [100]

Answer:

Explanation:

Based on the information provided within the question it can be said that in concept the researcher is considering them as two potentially different populations. This is why he separated them as two groups and is looking for the significant "differences" between them. Meaning that he believes that they are two different populations and is just looking to actually find what those differences are.

5 0

4 years ago

Think about a financial decision you made regarding the purchase of a big-ticket item or investment within the last five years.

vovikov84 [41]

To make a large purchase (most) ask the following questions, worthwhile?, investment opportunities?, lasting of purchase?, and necessity or want.

8 0

4 years ago

Match the terms to their correct meaning

nydimaria [60]

Answer: The terms that match with this meanings are:

1. APR charge for borrowing money = FINANCE CHARGE.

2. Interest rate that does not change = FIXED RATE.

3. Closing costs fees required if loan is paid off before the end of its original term = PREPAYMENT PENALTIES.

4. Down payment a loan based on the value of the real estate it is used to purchase = MORTGAGE.

6 0

3 years ago

Which type of social media publishing only allows users to send brief messages

WARRIOR [948]

Answer:

Newspaper

Explanation:

must remain neutral!

3 0

3 years ago

Jasper is a self-employed businessman. on march 5, 2015 he purchases a personal computer for use at his home. he uses the comput

g100num [7]

Jasper could most certainly claim depreciation on the computer that is, 50% of it plus 50% of the purchase price and I know because I am self-employed too and I know that legitimate office expenses like a new printer, printer paper etc can be claimed according to the amount used for the business.

7 0

3 years ago