All of the following are true for a natural monopoly except which one?
A) It has large economies of scale.
B) The quantity at which its long-run average cost first reaches a minimum exceeds the quantity consumers demand.
C) Its long-run average cost falls as production increases.
D) It has control over an essential raw material.
D) It has control over an essential raw material.
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The “coffin plane” now in the Smithsonian Museum in Washington, D.C., made only one independent flight before being stored as an art form
a. True b. False
Systems of exchange include __________
a. sharecroppers, miners, and child laborers b. workers, the state, and owners of capital c. social divisions, class systems, and commodities d. redistributive networks, barter, trade, and market transactions
The rituals of the Native American Church are based on the revival of a peyote religion that was common throughout North America in the 17th and 18th centuries
Indicate whether the statement is true or false
Simple bands
a. were male dominated. b. had names that came from features in their territory. c. practiced endogamous marriage. d. used voting and other democratic methods for decision making.