Use the Following to Answer Questions

question 302

Multiple Choice

Use the following to answer questions:
Figure: Water Works
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If regulators allow the monopolist to charge a price that just covers average total cost, the water works will serve _____ customers.

• A) 200
• B) 300
• C) 375
• D) 400

---

Definitions:

African Canadians

Individuals in Canada of African descent, encompassing a wide range of cultural, linguistic, and historical backgrounds.

Asian Canadians

Individuals in Canada of Asian descent, contributing to the country's cultural, economic, and social diversity.

Claiming An Ethnicity

The act of identifying with or asserting membership in a particular ethnic group, often involving the adoption of cultural traits and practices associated with that group.

Race

A socially constructed categorization of humans based on physical characteristics, ancestry, genetics, and social identity.