A Natural Monopoly Is Most Likely to Occur in Which

question 272

Multiple Choice

A natural monopoly is most likely to occur in which of the following industries?

• A)The pharmaceutical industry because the development and approval of new drugs through the Food and Drug Administration can take more than 10 years
• B)The diamond mining and marketing industry because one firm can control a key resource
• C)The software industry because of the importance of network externalities
• D)An industry where fixed costs are very large relative to variable costs

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Negligently Arranged

Refers to a situation where items or affairs are organized or managed without proper care, leading to potential harm or loss.

Professional Negligence

Failure of a professional individual to provide the required standard of care, skill, or diligence, leading to client harm or loss.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.

Professional Associations

Organizations seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.