Which of the Following Is a Characteristic of a Natural

question 561

Multiple Choice

Which of the following is a characteristic of a natural monopoly?

• A)Fixed costs are typically a small portion of total costs.
• B)Average total cost declines over large regions of output.
• C)The product sold is a natural resource such as diamonds or water.
• D)All of the above are correct.

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Definitions:

Type B Personality

A personality type characterized by a more relaxed, less competitive approach to life, and less easily stressed personality traits compared to Type A.

Type A Personality

A personality characterized by high levels of competitiveness, self-motivation, aggressiveness, and a sense of urgency, potentially leading to stress.

Hostile

Displaying or feeling intense animosity, anger, or opposition towards someone or something.

Anger and Hostility

Emotional states characterized by strong feelings of displeasure and antagonism, typically presenting a readiness to confront or retaliate against a perceived wrong.