Which of the Following Companies Is Most Likely to Have

question 20

Multiple Choice

Which of the following companies is most likely to have the largest/best economies of scale?

• A) A small company.
• B) A company producing a small number of one type of product.
• C) A company that has a large market share in an industry.
• D) A company that has a small market share in an industry.
• E) A company that has high fixed costs and a small market share.

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Definitions:

Functionalist

Relating to the theory in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of individuals.

Collective Good

Benefits or interests that are shared by and advantageous to all members of a given community.

Diverse Structures

A term that refers to varied organizational or systemic frameworks within societies, encompassing different cultural, social, and economic setups.

Symbolic Interactionism

A sociological perspective focusing on how individuals interact with each other and derive meanings from these interactions through the use of symbols.