The Most Important Feature of a Natural Monopoly Is

question 3

Multiple Choice

The most important feature of a natural monopoly is:

• A)constant returns to scale over the relevant range of output
• B)it exploits a natural resource
• C)diseconomies of scale over the relevant range of output
• D)economies of scale over the relevant range of output

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Definitions:

Obsessive-Compulsive Disorder

A mental health disorder characterized by unreasonable thoughts and fears (obsessions) leading to compulsive behaviors.

Doubts

Feelings of uncertainty or lack of conviction about something, leading to questions or hesitations in belief or action.

Repetitive Routines

Behaviors or tasks that are performed in a consistent, unvarying manner, often as part of a daily or regular schedule.

Specific Phobia

An intense, irrational fear of a specific object, situation, or activity that is strongly avoided.