Suppose That You Build a High-Speed,magnetically Powered Transportation System from New

question 126

Multiple Choice

Suppose that you build a high-speed,magnetically powered transportation system from New York to Los Angeles,and you are the only firm providing this service.High fixed costs resulting from the enormous quantity of capital used in this system enable decreasing average cost for any conceivable level of demand.Your monopoly is the result of your:

• A)control of a scarce resource or input.
• B)technological superiority.
• C)increasing returns to scale.
• D)use of government-set barriers.

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A memory retrieval process in which a person successfully recalls information with the help of prompts or cues.

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The elected head of state and government in the United States, serving a four-year term.

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The capacity of the human brain to store, retain, and recall information, experiences, and procedures, including facts and past events.

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