Industries with Large Fixed Cost and Small,constant Marginal Cost Will,over

question 162

Multiple Choice

Industries with large fixed cost and small,constant marginal cost will,over time,

• A) have more and more small firms.
• B) see one firm,or a few large firms,emerge.
• C) see no change in the average size of firms.
• D) see no change in the average number of firms.
• E) see the size of their market decline.

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Definitions:

Basic Biological Needs

Fundamental physiological necessities for survival, such as food, water, shelter, and sleep.

Sound Attachments

Emotional bonds between individuals, often formed through verbal communication, speech, and shared musical experiences.

Trust Versus Mistrust

A stage in Erik Erikson's theory of psychosocial development where an infant learns to trust their caregivers and environment or develops mistrust based on the consistency of care and affection received.

Attachment

The emotional bond that forms between individuals, crucial for personal development.