The Figure Given Below Shows the Aggregate Demand and Supply

question 101

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-Which of the following refers to a natural monopoly?

• A)A monopoly resulting from government control
• B)A monopoly resulting from economies of scale
• C)A monopoly resulting from output leadership
• D)A monopoly resulting from a large advertising budget
• E)A monopoly resulting from trade restrictions

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Definitions:

Network Design

The planning and structuring of a network, including the physical and logical layout, to meet specific operational requirements and goals.

Geographic Design

Pertains to the planning and arrangement of physical space or structure considering geographic factors like location and environmental conditions.

Benefits

Advantages or positive effects that result from a particular action or policy.

Disadvantages

The negative aspects, limitations, or cons that hinder or reduce effectiveness or success.