Any Industry That Buys a Large Fraction of the Output

question 75

Multiple Choice

Any industry that buys a large fraction of the output of an increasing cost industry:

• A) could be an increasing cost industry, but not necessarily.
• B) must be an increasing cost industry.
• C) must be a constant cost industry.
• D) must be a decreasing cost industry.

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Definitions:

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially in terms of word order and punctuation.

Pivot Grammar

A simplified grammatical structure often observed in early child speech, allowing for the construction of sentences around a key pivotal word.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed during infancy.