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:

Local Benefits

Refers to advantages or positive impacts that are confined to a specific geographical area or community, often resulting from a project or initiative.

Social Pillar

One of the three pillars of sustainability, focusing on improving social equity, community development, and human rights.

Workforce

The collective group of individuals engaged in or available for work, either in a specific company or in a country or region.

Customers

Individuals or entities that purchase goods or services from a business, playing a central role in any company's success.