In Order for a Natural Monopoly to Develop, It

question 139

Multiple Choice

In order for a natural monopoly to develop, it

• A)is important that the firm be very large.
• B)is important that the firm prices its product below cost.
• C)is not the absolute size of the firm but its size relative to the total market demand that is important.
• D)must be in the presence of government intervention.

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Definitions:

Feature Detectors

Neurons in the brain that identify specific features of a stimulus, such as edges, lines, or movements.

Gestalt View

A psychological approach that looks at the human mind and behavior as a whole.

Synesthesia

A condition in which one sense is simultaneously perceived by one or more additional senses. For example, seeing colors when hearing music.

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and function best in relatively bright light.