When Economies of Scale Exist So That One Firm Can

question 74

Multiple Choice

When economies of scale exist so that one firm can meet the entire market demand at a lower average total cost than two or more firms,

• A) a natural monopoly develops.
• B) economic profit is reduced to zero.
• C) there is always the opportunity to price discriminate.
• D) the monopoly encounters competition.
• E) the monopoly converts all of the consumer surplus into economic profit.

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Definitions:

Sexual Masochism

A sexual disorder characterized by the act of obtaining sexual pleasure through suffering physical pain or humiliation.

Gender Dysphoria

A condition where there is a dissonance between a person's physiological gender and their gender identity, causing significant distress.

Paraphilic Disorders

A category of psychiatric disorders characterized by intense and persistent sexual interests other than sexual interest in genital stimulation or preparatory fondling with phenotypically normal, physically mature, consenting human partners.

Gender Dysphoria

Psychological distress resulting from a discrepancy between a person’s gender identity and their sex assigned at birth, leading to discomfort or disability.