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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Definitions:

Diaper Dermatitis

A common form of inflamed skin (dermatitis) that looks like patches of inflamed skin on the buttocks, thighs, and genitals, caused by prolonged exposure to a dirty diaper.

Clubbing

A physical finding characterized by the bulging of the tissues at the base of the nails, often associated with chronic oxygen deprivation or lung disorders.

Anasarca

Severe and generalized edema with swelling and accumulation of fluid in the tissues.

Pedal Erythema

Redness or inflammation of the skin on the feet, which can be a sign of infection, inflammation, or circulatory issues.