Suppose the Technology of Production Is Such That the Typical

question 4

Multiple Choice

Suppose the technology of production is such that the typical firm's minimum efficient scale is 1400 units per week at an average long-run cost of $9 per unit.If the total quantity demanded in this market at a price of $9 per unit is 22 million units per week,the likely result will be

• A)a cartel.
• B)price discrimination.
• C)a natural monopoly.
• D)a concentrated oligopoly.
• E)a competitive industry.

---

Definitions:

Polymyxin B

An antibiotic used to treat bacterial infections by disrupting the cell membrane, primarily active against Gram-negative bacteria.

Neurotoxin

A toxin that specifically targets neural tissues, potentially causing damage to the nervous system, which includes both central and peripheral components.

Physiological pH

The specific value of pH (around 7.4) within biological systems where the internal environment is regulated to maintain stable and optimal conditions for cellular processes.

Sulfa Drugs

A group of synthetic antibacterial agents that contain the sulfonamide group and are used to treat bacterial infections.