Natural Monopolies Occur When

question 147

Multiple Choice

Natural monopolies occur when

• A)government antitrust laws are too weak or not enforced
• B)negative externalities are present
• C)firms collude to set prices and divide the market among themselves
• D)one firm can service the market more cheaply than two or more firms can
• E)a public good is produced by a private firm

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Definitions:

Anxiety

A feeling of worry, nervousness, or discomfort about something with an uncertain outcome.

Balanced Affectivity

A psychological state characterized by experiencing a harmonious balance of emotions, neither excessively positive nor negative.

Positive Emotion

Feelings that are enjoyable or bring happiness, such as joy, love, and contentment.

Enthusiasm

A feeling of energetic interest in a particular subject or activity and an eagerness to be involved in it.