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How does natural monopoly function?

A single firm supplies all the output


The output of what analysis is a single intuitively appealing number representing the compound annual return that an investment earns over its life?

Annual return


What is meant by Single Market as it relates to Caricom?

The CARICOM Single Market is an arrangement which allows CARICOM goods, services, people and capital to move throughout the Caribbean Community without tariffs and without restrictions to achieve a single, large economic space, and to provide for a common economic and trade policy. http://www.tradeind.gov.tt/projects%20and%20programs/csme.htm


A perfectly competitive firm will produce more output and change a lower price than a single price monopoly firm. Do you agree or disagree with this statement?

I agree with the statement. A perfectly competitive firm operates where price equals marginal cost, leading to an efficient allocation of resources and typically resulting in a higher output at a lower price than a monopoly. In contrast, a single-price monopoly maximizes profit by producing less output and charging a higher price, leading to decreased consumer surplus and potential market inefficiencies. Thus, perfect competition generally results in greater output and lower prices compared to monopoly scenarios.


How do you differentiate between the intensive and extensive margin in economics?

In economics, the intensive margin refers to changes in the quantity or quality of a single product or service, while the extensive margin refers to changes in the variety or range of products or services offered.

Related Questions

What are the differences between a congruent and incongruent phase transformation?

A congruent phase transformation occurs when a single phase changes into another single phase with the same composition. An incongruent phase transformation happens when a single phase changes into multiple phases with different compositions.


What is velocity ratio of single fixed pulley?

The velocity ratio of a single fixed pulley is 1. This means that the input and output speeds are equal. The pulley simply changes the direction of the force applied.


What are various configurations of differential amplifiers?

Dual input and Balanced output configuration, Dual input and Unbalanced output configuration, Single input and Balanced output configuration and Single input and Unbalanced output configuration


How many leds can be powered from a single 4017 output?

20 led can be powered from a single 4017 output X-ZONE ( PRANJAL)


What graph shows how output changes when a single input changes?

A multi-dimensional scatter plot.A multi-dimensional scatter plot.A multi-dimensional scatter plot.A multi-dimensional scatter plot.


What Gate that always inverts its single input as an output?

"not" gate


What is the mechanical advantage of a single fixed pulley?

The mechanical advantage of a single fixed pulley is 1. This means that the input force is equal to the output force, making the pulley useful for changing the direction of the force applied.


Differences between single and double circulation?

what is the different between single and double circulation


How does natural monopoly function?

A single firm supplies all the output


How do you measure productivity?

Partial measures output/(single input)Multi-factor measures output/(multiple inputs)Total measure output/ (total inputs)Productivity =(Outputs/inputs)


How does connecting batteries in parallel affect the overall voltage output?

Connecting batteries in parallel does not affect the overall voltage output. The voltage output remains the same as the voltage of a single battery.


What is the output of printfd?

jst run a prog having this single line it will show 0 as output .....coz thr is no variable associated wid it..