When a Monopoly Exploits Economies of Scale, Its Marginal Cost

question 95

True/False

When a monopoly exploits economies of scale, its marginal cost curve shifts to the left.

---

Definitions:

Symbol

A mark, sign or word that indicates, signifies, or is understood as representing an idea, object, or relationship.

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.

Genes

Units of heredity that are transferred from a parent to offspring and are held to determine some characteristics of the offspring.

Sapir-Whorf Thesis

The theory that the structure of a language influences its speakers' world view or cognition, and thus people's perceptions are relative to their spoken language.