Because Only Greater Quantities of Oil Can Be Produced by Using

question 2

Multiple Choice

Because only greater quantities of oil can be produced by using more expensive production methods, the industry is:

• A) an increasing cost industry.
• B) an economies of scale industry.
• C) noncompetitive industry.
• D) marginal cost industry.

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Definitions:

IoT

Stands for Internet of Things, referring to the network of physical objects—devices, vehicles, appliances—that use sensors and APIs to connect and exchange data over the internet.

NFC

Near Field Communication, a set of communication protocols enabling two electronic devices to establish communication by bringing them within a few centimeters of each other.

Captioning Software

Software used to add subtitles or captions to video content, catering to hearing-impaired viewers or language learners.

Americans with Disabilities Act (ADA)

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.