If Economies of Scale in an Industry Are So Extensive

question 48

Multiple Choice

If economies of scale in an industry are so extensive that a single firm can supply the entire market at lower unit cost than could a number of competing firms,this industry is called a(n)

• A) conglomerate.
• B) natural monopoly.
• C) oligopoly.
• D) restraint of trade.
• E) monopolistic competition.

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Definitions:

Weight History

A record of an individual's body weight over a period of time, relevant for assessing trends and health risks.

Metabolism Of Nutrients

The biochemical processes by which the body converts foods into energy, waste, and the building blocks for proteins, lipids, nucleic acids, and some carbohydrates.

Medications

Substances used to diagnose, treat, or prevent disease and improve health in people.

Nutritional Assessment

The evaluation of dietary intake and nutritional status to identify nutritional deficiencies or excesses.