The Person Who Developed Three Laws of Planetary Orbits Still

question 25

Multiple Choice

The person who developed three laws of planetary orbits still used today was

• A) Kepler.
• B) Newton.
• C) Galileo.
• D) Copernicus.

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Definitions:

Average Total Cost

The cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market at a lower cost than could two or more firms.

Natural Monopoly

A market structure where a single supplier is most efficient in providing goods or services due to high fixed or startup costs.

Lower Prices

A market condition where goods or services are offered for sale at reduced costs, often due to surplus supply, decreased demand, or competitive strategies.