If Economies of Scale Are So Pronounced in an Industry

question 1

Multiple Choice

If economies of scale are so pronounced in an industry that only one firm can survive in the industry, this firm is called a(n) __________ monopoly.

• A)financial
• B)natural
• C)structured
• D)independent

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Definitions:

Trachea

A cylindrical tube within the respiratory system that provides air flow to and from the lungs for respiration.

Bronchi

Major passages of the respiratory system that diverge from the windpipe (trachea) and direct air into the lungs.

Cilia

Microscopic, hair-like structures on the surface of cells that move in a waving motion to transport substances across the cell surface.

Epiglottis

A flap of tissue at the root of the tongue that is depressed during swallowing to cover the opening of the windpipe and prevent food from entering the lungs.