If Economies of Scale Are So Pronounced in an Industry

question 1

Multiple Choice

If economies of scale are so pronounced in an industry that only one firm can survive in the industry, this firm is called a(n) __________ monopoly.

• A)financial
• B)natural
• C)structured
• D)independent

Understand the concept of sexual orientation and how it differentiates across individuals.

Identify the biological and hormonal influences on sexual behavior and interest.

Recognize the influence of gender roles and cultural expectations on individual behavior and societal norms.

Understand the role of genetics and environment in determining sexual orientation and gender identity.

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Definitions:

Tertiary Sector

The segment of the economy that provides services rather than producing goods, including sectors like retail, education, and health care.

Economist

A professional in the social science discipline of economics, concerned with the analysis of goods and services distribution, consumption, and production.

Shoshana Zuboff

A scholar and author who specializes in the study of the digital economy, especially in regard to the social and economic impacts of technology.

New Computer System

A recently introduced or updated configuration of hardware and software designed to perform a series of tasks or solve specific problems.