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A flashlight beam makes an angle of 60° with the plane of the surface of a calm lake before it enters the water. In the water what angle does the beam make with the plane of the surface? The
Index of refraction of water is 1.33.
Taking a Loss
The action of selling an asset for less than its purchase price, resulting in a financial loss for the seller.
Regulated Natural Monopolies
Companies that operate in a market with no competition due to high infrastructure costs, but their prices and services are regulated by the government to protect consumers.
Public Utilities
Companies that provide essential services such as water, electricity, and telecommunications to the public, usually subject to government regulation.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of operations and output increases.
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