If a fiRm Experiences Such Significant Economies of Scale That

question 7

Multiple Choice

If a firm experiences such significant economies of scale that the market can support only one firm, the firm is best described as a(n) _____.

• A) oligopolist
• B) perfectly competitive firm
• C) natural monopoly
• D) monopolistically competitive firm

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Definitions:

Malaysian Palm Oil

A significant agricultural commodity produced in Malaysia, used globally in food, cosmetic, and energy industries, notable for its economic impact.

Translation Statement

A financial document that converts the monetary values in financial statements from one currency to another.

Issued Capital

The total value of a company’s shares that have been sold to shareholders and are currently outstanding.