A Natural Monopoly

question 27

Multiple Choice

A natural monopoly

• A)is a monopoly in the production of raw materials.
• B)occurs when one firm can supply the entire market more cheaply than can a number of firms.
• C)is one result of a patent.
• D)results from decreasing returns to scale.

---

Definitions:

Digital Media

Content or communication exchanged via digital devices, including text, audio, video, and graphics.

Webcast

A media presentation distributed over the Internet using streaming technology to distribute a single content source to many simultaneous viewers or listeners.

Intranet

A private network accessible only to an organization's staff, often used to share information, operational systems, or services within the company.

Accept Blame

Accepting accountability for an error or shortfall.