The Figure Below Shows Revenue and Cost Curves of a Natural

question 58

Multiple Choice

The figure below shows revenue and cost curves of a natural monopoly firm.Figure 14.1
​
In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
-Why do the regulated companies oppose deregulation?

• A)They would be deprived of an opportunity to compete with other firms.
• B)They would be deprived of their rights to continue business.
• C)They would be denied any kind of support from the government.
• D)They would incur losses on account of increased competition.
• E)They would become unpopular as they would no longer be controlled by the government.

---

Definitions:

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, enabling communication and response to stimuli.

Gestalt Psychologists

Professionals in psychology who emphasize the idea that the whole of anything is greater than its parts, focusing on how people perceive and experience objects as complete patterns or configurations.

Psychodynamic Approach

A psychological perspective that analyzes how behavior springs from unconscious drives and conflicts, heavily influenced by the work of Freud.

Gestalt

A theory in psychology that proposes that the operational principle of the brain is holistic, parallel, and analog, with self-organizing tendencies rather than a sum of discrete parts.