A Footnote Is Linked to the Corresponding Reference in a Paper

question 53

Multiple Choice

A footnote is linked to the corresponding reference in a paper by a ________.

• A)superscripted number
• B)superscripted letter
• C)subscripted letter
• D)subscripted number

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Definitions:

Natural Monopoly

A market condition where due to high fixed or start-up costs, efficient service is provided by a single firm instead of multiple competing firms, often seen in utilities sectors.

Fair-Return Price

For natural monopolies subject to rate (price) regulation, the price that would allow the regulated monopoly to earn a normal profit; a price equal to average total cost.

Allocatively Efficient

A state of resource allocation in which it is impossible to make any one individual better off without making someone else worse off.

Socially Optimal Price

The price of a good or service that reflects the external costs and benefits to society, aiming to achieve the most efficient allocation of resources.