A Natural Monopoly Is A

question 46

Multiple Choice

A natural monopoly is a:

• A) public utility such as electricity
• B) a firm with a patent
• C) a firm with a legal barrier to entry
• D) a firm that is very good at competition

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Definitions:

Disputes

Conflicts or disagreements that arise between parties, typically in a workplace or industrial setting, over issues such as conditions, salaries, or policies.

Member Unions

Organizations that belong to a larger federation or confederation of labor unions, representing various sectors or professions.

Represent

To act or speak officially for someone or something, especially in a legal or political context.

AFL-affiliated Unions

Unions that are members of the American Federation of Labor (AFL), a national federation of labor unions in the United States.