A Critical Activity Is

question 9

Multiple Choice

A critical activity is

• A)an activity that consumes no time but shows precedence between events.
• B)a milestone accomplishment within the project.
• C)an activity with zero slack.
• D)the beginning of an event.

---

Definitions:

Monopoly Power

The degree of power held by a singular entity to control prices or exclude competition within a market.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market more efficiently than multiple firms due to high fixed or startup costs.

Economies Of Scale

The cost advantage that arises with increased output of a product, as fixed costs are spread over more units of production, reducing the cost per unit.

Diseconomies Of Scale

An increase in average total cost as output rises.