When an Industry Is a Natural Monopoly

question 190

Multiple Choice

When an industry is a natural monopoly

• A)the economies of scale in it are very great.
• B)it would be most efficient to have several (or many)firms competing to supply the market.
• C)it has a perfectly elastic industry demand curve.
• D)the typical firm's marginal cost curve is everywhere above its average cost curve.

Explore the effects of labeling on individuals' perceptions of themselves and others, leading to potential deviant behaviors.

Distinguish between different approaches to dealing with criminal behavior (deterrence, retribution, incapacitation, rehabilitation).

Recognize the influence of social structures on perceptions and treatment of deviance, including the role of power.

Understand the concept of positive deviance and how it differs from negative deviance.

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