Natural Monopolies

question 237

Multiple Choice

Natural monopolies

• A) have one lowest-cost producer in an industry.
• B) are not regulated.
• C) have long-run average costs equal to zero.
• D) do not experience economies of scale.

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Definitions:

Health Care Provider

A professional who offers services aimed at maintaining or improving people’s health, which can include doctors, nurses, therapists, and others.

Selective Serotonin Reuptake Inhibitor

A type of antidepressant that works by increasing levels of serotonin in the brain.

St. John's Wort

An herb commonly used for its antidepressant effects and to alleviate symptoms of anxiety and seasonal affective disorder.

Serotonin Syndrome

A potentially life-threatening condition resulting from an excess of serotonin in the body, often caused by drug interactions or overdose.