If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, then we can expect that the industry will be a natural monopoly.
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What is Natural monopoly?</h3>
This is characterized by high infrastructural costs and other barriers which prevent entry into the market. This gives rise to a very few being involved and usually offers no competition as there is a single seller with unique types of goods and services.
This type of monopoly involves sellers having a big size and able to produce the required output for the consumers. This makes them to be self-sufficient and is characterized by the long-run average total cost curve of an industry declining and intersecting the industry demand curve which is the reason why it was chosen as the most appropriate choice.
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Answer:
2 + 2 = 5
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Answer:
A. vastly increase
Explanation:
The slippery roads are very dangerous, which can easily be seen in how much accidents happen when this is the case. The main reason is that the stopping distance of the vehicles vastly increases if the road is slippery. Be it water, snow, or ice on the road, they all contribute to lesser friction between the tires and the surface, so even though the breaks do their job, the tire continues to move on the surface and it needs much more distance to stop. This results in numerous accidents unfortunately, some of which fatal.
Answer: Democracy is a form of government in which all eligible citizens have an equal say in the decisions that affect their lives.
Explanation:
op hope this helps ✌❤
Greece- first democratic government and they practice currently
