An Industry Where the Minimum Efficient Scale Is Large When

question 41

True/False

An industry where the minimum efficient scale is large when compared to the overall market is likely to be an oligopoly.

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Definitions:

Golgi Body

An organelle within eukaryotic cells that modifies, sorts, and packages proteins and lipids for transport out of the cell.

Myelinated Neurons

Myelinated neurons are nerve cells covered with a fatty substance called myelin, which increases the speed at which electrical signals travel along the nerve fibers.

Transmit Signals

The process by which information is conveyed through an organism's body or via various electronic or mechanical systems.

Absorb Nutrients

The process by which organisms take up vitamins, minerals, and other nutritional substances from their environment or diet for health and growth.