A Natural Monopoly,such as the Internet,is

question 29

Multiple Choice

A natural monopoly,such as the Internet,is

• A) nonrival and excludable.
• B) rival and excludable.
• C) nonrival and nonexcludable.
• D) rival and nonexcludable.
• E) None of the above answers are correct.

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Definitions:

Exponentiation

A process of multiplying a number by itself a specified number of times, indicated by the exponent.

Percentage Difference

A measure of the relative difference between two values, expressed as a percentage.

Mathematical Calculation

The process of solving a mathematical problem by using arithmetic operations and algorithms.

Profit-maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit levels.