What Is the Defining Characteristic of a Natural Monopoly

question 155

Multiple Choice

What is the defining characteristic of a natural monopoly

• A)constant marginal cost over the relevant range of output
• B)constant average fixed costs over the relevant range of output
• C)constant returns to scale over the relevant range of output
• D)economies of scale over the relevant range of output

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Definitions:

Anandamides

Naturally occurring compounds in the body that bind to cannabinoid receptors, influencing mood, appetite, and pain perception.

Dopamine

A chemical messenger that plays a critical role in controlling mood, motivation, pleasure, and reward sensations.

Synergistic Effect

The interaction of two or more agents or forces so that their combined effect is greater than the sum of their individual effects.

Cross-tolerance

A phenomenon where tolerance to the effects of a certain drug results in a reduced response to another drug, often because the two drugs affect similar brain pathways.