For a Natural Monopoly, the Minimum Efficient Scale Is

question 116

Multiple Choice

For a natural monopoly, the minimum efficient scale is

• A)sometimes smaller and sometimes larger than the size of the market.
• B)larger than the size of the market.
• C)smaller than the size of the market.
• D)equal to the size of the market.
• E)zero.

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Definitions:

Extrinsic Motivation

Involves performing an action or behavior in order to receive external rewards or avoid punishments.

Intrinsic Motivation

The drive to engage in activities for their own sake and for the personal rewards they provide, rather than for some external reward.

Source of Energy

Any physical or chemical substance that can be converted to provide power, such as sunlight, fossil fuels, or nuclear power.

Brain

The organ in the head of vertebrates that controls the body's functions, emotions, and thoughts.