Which of the Following Best Matches the Description

question 33

Multiple Choice

Which of the following best matches the description?
-Construction of similar residential units over large areas.

• A)zoning
• B)megalopolis
• C)floodplain
• D)urban sprawl
• E)floodplain zoning
• F)multiple land use
• G)wetlands
• H)ribbon sprawl
• I)zoning.
• J)land-use planning
• K)tract development

---

Definitions:

Minimum Efficient Scale

The smallest amount of production a company can achieve while still taking full advantage of economies of scale with regards to minimizing its costs.

Long-Run ATC

The average total cost of production when all inputs, including capital, are variable and the scale of production can change.

Diseconomies of Scale

The phenomenon where operational costs per unit increase as the output increases, often due to inefficiencies or management challenges.

Natural Monopoly

A market structure where a single supplier is most efficient in producing or providing goods or services due to high fixed or startup costs, making competition less viable.