Which of the Following Is Considered a Nonrenewable Natural Resource

question 103

Multiple Choice

Which of the following is considered a nonrenewable natural resource?

• A) solar power
• B) coal
• C) oceans
• D) aquifers

---

Definitions:

Natural Monopoly

A market situation where a single firm can supply the entire market more efficiently than multiple firms due to high fixed or start-up costs.

Producing Electricity

The process of generating electric power from sources of primary energy such as coal, natural gas, nuclear, solar, or wind energy.

Economic Inefficiency

A situation where resources are not utilized in the most productive way, leading to lost potential output or welfare.

Profit-Maximizing Price

The price at which a company can make the most profit, considering the balance between price and quantity sold.