a)
Whether wind turbines are power sources that come from natural monopolies and whether they set up centralized, decentralized, or soft-path sources.
a)
Explanation of Solution
Wind turbines are power sources that come from natural resource winds which show natural
Introduction:
A natural monopoly refers to an industry that incurred high infrastructural costs and there are barriers to entry into the market.
b)
Whether hydroelectric power generation along a river is power sources that come from natural monopolies and whether they set up centralized, decentralized, or soft-path sources.
b)
Explanation of Solution
Hydroelectric power generation along a river is a power source that comes from natural resource
Hydroelectric power generation along a river could be set up either as centralized power sources or as decentralized soft-path sources because there is the intervention of the government and decisions are partially made by the organization and it does not impact the environment.
Introduction:
A natural monopoly refers to an industry that incurred high infrastructural costs and there are barriers to entry into the market.
c)
Whether coal is power source that come from natural monopolies and whether they set up centralized, decentralized, or soft-path sources.
c)
Explanation of Solution
As coal is the largest power source that is used to produce electricity, therefore, it is a power source that comes from natural resources but it is a government monopoly. This power source considers a hard-path source because it uses a hard energy path in huge through centralized coal fire to generate electricity.
Introduction:
A natural monopoly refers to an industry that incurred high infrastructural costs and there are barriers to entry into the market.
d)
Whether oil is the power source that comes from natural monopolies and whether they set up centralized, decentralized, or soft-path sources.
d)
Explanation of Solution
Oil comes from natural resources and it is considered an oligopoly market. It is an industrial monopoly because here, profits attract investments in oil-producing capital that help in the
Introduction:
A natural monopoly refers to an industry that incurred high infrastructural costs and there are barriers to entry into the market.
e)
Whether solar power sources that come from natural monopolies and whether they set up centralized, decentralized, or soft-path sources.
e)
Explanation of Solution
Solar is a power source that comes from natural resources and it is a natural monopoly as any person can start generating electricity through this source, which means the market is free.
There would be no intervention of the government in this power source and it is a soft path centralized approach for an individual or the organization.
Introduction:
A natural monopoly refers to an industry that incurred high infrastructural costs and there are barriers to entry into the market.
f)
Whether nuclear power sources that come from natural monopolies and whether they set up centralized, decentralized, or soft-path sources.
f)
Explanation of Solution
As nuclear is used to produce electricity through nuclear decay or fission, which means it is a power source that comes from natural resources but it is a natural government monopoly. This power source considers a hard-path source because it uses a hard energy path in huge through centralized nuclear power plants to generate electricity.
Introduction:
A natural monopoly refers to an industry that incurred high infrastructural costs and there are barriers to entry into the market.
Chapter 10R Solutions
Krugman's Economics For The Ap® Course
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