Which of the Following Is a Characteristic for a Good

question 83

Multiple Choice

Which of the following is a characteristic for a good estimator?

• A)Being unbiased
• B)Being consistent
• C)Having relative efficiency
• D)All of these choices are true.

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Definitions:

Public Utilities

Entities that provide essential services to the public, such as water, electricity, and natural gas, often under government regulation.

Natural Monopolies

Industries where a single firm can supply the entire market at a lower cost than if there were multiple firms, often due to high fixed costs.

Natural Monopoly

A market condition in which a single firm can supply a product or service to an entire market at a lower cost than what would be possible if there were multiple firms.

Economies Of Scale

The cost advantage that arises with increased output of a product, as fixed costs are spread out over more units of production.