Which of the Following Is a Characteristic of a Natural

question 561

Multiple Choice

Which of the following is a characteristic of a natural monopoly?

• A)Fixed costs are typically a small portion of total costs.
• B)Average total cost declines over large regions of output.
• C)The product sold is a natural resource such as diamonds or water.
• D)All of the above are correct.

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Definitions:

Geneva Conventions

A series of international treaties designed to ensure humanitarian treatment in war, specifically regarding the treatment of non-combatants and prisoners of war.

Enemy Combatants

Individuals engaged in hostilities against a state, who are not part of the state's armed forces or militias.

Repressive Overreaction

Excessive or overly harsh response by authorities or governing bodies to perceived threats or disobedience.

Consequentialist Approach

The consequentialist approach in ethics focuses on the outcomes of actions, suggesting that the morality of an action is determined by its consequences.