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Please use this outline map of the world to answer the question(s).
-How was it very clear that the new state of Germany would be less than liberal? What checks did the government lack that might have remedied the situation?
Ecological Fallacy
The assumption that a generalized cultural value applies equally well to all members of the culture.
Natural Monopoly
A market situation where a single firm can supply a product or service to an entire market at a lower cost than what two or more firms can.
Long Run
In economics, a period during which all inputs, including capital, are variable and firms can enter or exit the industry, allowing full production adjustment.
Average Total Cost
The per unit cost of production, calculated by dividing the total cost by the quantity of output produced.
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