Monopolies May Not Be Interested in Exploiting Economies of Scale

question 66

Multiple Choice

Monopolies may not be interested in exploiting economies of scale because:

• A) they have to sell goods at the market price.
• B) they cannot control supply in the market
• C) they do not have any competitors.
• D) they earn normal economic profits in the short run.

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Definitions:

Self-Comparison

The act of comparing one's own abilities, achievements, and characteristics with those of others, often leading to self-evaluation or self-improvement.

Outcome Goals

Objectives or targets that individuals aim to achieve as a result of their actions, often focusing on the end result of activities rather than on the actions themselves.

Collective Efficacy

The shared belief within a group or community in their collective ability to organize and execute the courses of action required to achieve certain goals.

Social Understanding

The comprehension of societal norms, behaviors, and the manner in which individuals interact within a community.