Examlex
Many people do not go to the dentist regularly as they nurture deep-rooted fears. They prefer to go only when they have a problem such as a toothache or a broken tooth, which needs immediate attention. Which of the following drives people to visit the dentist for dental problems that require immediate attention?
Natural Monopoly
A market situation where a single supplier is most efficient in producing or supplying goods or services due to high fixed or startup costs.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in the per-unit cost as production increases.
Industrial Regulation
Laws and regulations that control how businesses can operate in certain industries to protect public safety, health, and the environment.
Economic Reason
Economic reason involves the rationale or logical basis behind economic decisions, focusing on the optimization of resource use to achieve specific monetary or utility outcomes.
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