If the Distribution of Water Is a Natural Monopoly, Then

question 82

Multiple Choice

If the distribution of water is a natural monopoly, then i) imultiple firms would likely each have to pay large fixed costs to develop their own network of pipes.
Ii) allowing for competition among different firms in the water-distribution industry is efficient.
Iii) a single firm can serve the market at the lowest possible average total cost.

• A) i) and ii) only
• B) ii) and iii) only
• C) i) and iii) only
• D) iii) only

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Definitions:

Core ERP Modules

Fundamental components of an ERP system catering to critical business functions including finance, human resources, inventory management, and sales.

Financial

Relates to finance, encompassing the management, creation, and study of money, banking, credit, investments, assets, and liabilities.

HR

Human Resources; a department within organizations concerned with the management of people, including recruiting, training, and welfare.

TPSs

Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.