Large Fixed

Large Fixed

How does a natural monopoly differ from a firm that has large fixed costs and small marginal costs?

Natural monopolies generally have those exact characteristics, but so do many other industries. A natural monopoly has to have one more characteristic also, it would not be beneficial to front those costs upfront a second time.

Example would having two sets of power lines going to your house help no.

However many industries have large upfront and small marginal costs, software production being the most obvious example, and the leader in the industry has had many monopoly suits against them.

In thats industry however it is believed that the monopoly has reduced quality, having choice would increase competition a good thing. You dont hwoever need competiong power llines.

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Large Hadron Rap

Large Fixed

I hit a large pole with my car and knocked apart the drivers side mirror--can that easily be fixed?

The mirror is completely knocked apart but is hanging by wires. Is this easily fixable? Do you think they can fix it in a day or two?

if you just damage the mirror and not wrinkled the door panel or anything severe, call some scrap yards or junk yards. i priced a mirror once for about $125 and got one from a junk yard for $12.00, it was flat black and in good shape, match the old one perfect. i replaced it in 20 minutes easy while bs'ing to a friend. easy job

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Large Hadron Rap