Natural monopolies occur when one producer can meet the market’s entire demand. Controls the method of production. Is the only one authorized to produce a given product. Creates unique products.

The correct answer is the first option: Can meet the market's entire demand.

Explanation:

To begin with, the name of ''natural monopoly'' in the field of economics, refers to the situation where a company provides a product or service at a cost that it will be impossible to other companies to provide it. Therefore that it is understandable that the good produced by the natural monopoly is not unique or nither the only one authorized to do it but instead it is the only one that produces at the lower of all costs and therefore the other companies can not compete. Furthermore, the most of the natural monopolies are the ones given for the public interest in general, like the supply of water or electricity and therefore that this type of product must reach the entire demand due to the fact that it is of essential importance.

answer/// sequence of operations that requires the longest time for completion';

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.