A Natural Monopoly Occurs When

question 40

Multiple Choice

A natural monopoly occurs when

• A)the product is sold in its natural state, such as water or diamonds.
• B)there are economies of scale over the relevant range of output.
• C)the firm is characterized by a rising marginal cost curve.
• D)production requires the use of free natural resources, such as water or air.

Comprehend the impact of human activities on ecosystems and biogeochemical cycles.

Interpret the critical role of bacteria in the nitrogen cycle and other biogeochemical cycles.

Understand the physical and motor skill developments in elementary-aged children.

Recognize the fine motor skills in young children and their development.

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Definitions:

Consideration Set

A group of brands or products that a consumer evaluates as choices for a potential purchase.

Rackspace U.S. Inc.

An American managed cloud computing company that offers a broad set of cloud services across multiple platforms.

Consideration Set

A group of brands or products a consumer evaluates as potential options to satisfy a need or purchase decision.

Product Class

Refers to the entire product category or industry.