If Economies of Scale in an Industry Are So Extensive

question 187

Multiple Choice

If economies of scale in an industry are so extensive that a single firm could serve the entire market at a lower cost than if the market was split between two or more firms, this industry is called a(n)

• A) conglomerate
• B) natural monopoly.
• C) oligopoly.
• D) restraint of trade.

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Definitions:

Metastasize

The process by which cancer cells spread from the place where they first formed to another part of the body.

Cancerous Cells

Abnormal cells that divide uncontrollably and can invade nearby tissues or spread to other parts of the body through the bloodstream.

Abnormal Cells

Cells that have undergone changes in structure, function, or behavior, often indicative of diseases like cancer.

Leukocytes

White blood cells (derived from the Greek words leukos, meaning “white,” and kytos, literally meaning “a hollow” but used to refer to cells).