Economists Refer to a Monopoly That Results from Very High

question 16

Multiple Choice

Economists refer to a monopoly that results from very high fixed costs as a

• A)unnatural monopoly.
• B)a necessary monopoly.
• C)a natural monopoly.
• D)a simple monopoly.

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Definitions:

Reliable Data

Information that consistently yields the same results over time, deemed trustworthy and accurate for making decisions.

Human Capital

A group's competencies, understanding, and unseen assets possessed by individuals, which serve to generate financial value for the persons, their companies, or their neighborhood.

Strategic Requirements

The essential conditions or resources needed for an organization to effectively implement its strategy and achieve its objectives.

Simple Regression Equation

A mathematical formula used to predict the value of a dependent variable based on the value of an independent variable.