A Natural Monopoly,such as a Local Telephone Company,is Characterized by _____

question 66

Multiple Choice

A natural monopoly,such as a local telephone company,is characterized by _____

• A)a lack of natural competitors.
• B)low fixed costs and diseconomies of scale.
• C)economies of scale.
• D)a lack of government regulation.
• E)constant costs of production.

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Definitions:

Nausea-producing Drug

A medication that can have the side effect of inducing nausea or increasing the likelihood of feeling sick.

Aversive Conditioning

A form of behavioral training in which an unpleasant or painful stimulus is associated with undesirable behaviors to discourage those behaviors.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation paired with relaxation exercises.

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship as a way of uncovering the unconscious mind.