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:

Maker

A person obligated as the payor on a promissory note. See also comaker.

Bearer Note

A type of fixed-income security that is not registered by the issuer, allowing any holder in possession to collect on it.

Draft

A preliminary version of a document or plan that is subject to revisions or editing.

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.