If Every Customer Wants to Enjoy the Good of One

question 32

Multiple Choice

If every customer wants to enjoy the good of one producer, and the producer can supply the good to every customer at a low cost, then this is known as:

• A)compensating differentials
• B)the superstar phenomenon
• C)natural monopoly
• D)union wage inflation

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Definitions:

Planetary Gearset

A planetary gearset is a compact and efficient gear system used in transmissions, consisting of one central "sun" gear, multiple "planet" gears that orbit the sun gear, and a "ring" gear encompassing the planet gears.

Carrier

The center component of a planetary gearset; a disc to which the planetary pinions are attached.

Output Member

A component in a mechanical system that delivers the final action or movement, typically receiving motion from an input member.