The Operating Costs for Transportation

question 21

Multiple Choice

The operating costs for transportation .

• A) show that bus transport is the least expensive when all costs are included
• B) clearly show the economies of scale, with large cities costing less per automobile than small cities
• C) indicate that, when all operating costs are included, rail is the most sensible means of transport
• D) indicate that city planners should invest more in parking lots
• E) take into account the costs to public health and to the environment of vehicle emissions

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Definitions:

Duopoly

A market structure characterized by two producers or sellers dominating a particular industry or sector.

Profit

is the financial gain made in a transaction or business operation, calculated as the difference between revenue and costs.

Collude

The act of cooperating or conspiring, especially in a deceitful way, typically between competitors to fix prices or rig markets.

Oligopolists

Oligopolists are firms in a market where a small number of competitors hold significant market share, enabling them to influence market conditions.