Suppose That You Build a New Jumbo Jet That Can

question 13

Multiple Choice

Suppose that you build a new jumbo jet that can carry five times more passengers than any other competitor. You have high fixed costs due to the quantity of capital used to build the jets, and average cost is decreasing for all levels of demand. In this case, your monopoly would result from:

• A) sunk costs.
• B) location.
• C) economies of scale.
• D) government restrictions.

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Definitions:

African Religions

The diverse spiritual practices, beliefs, and traditions indigenous to the African continent, characterized by a rich tapestry of cultural expressions, ancestral worship, and community rituals.

Stono Rebellion

was a slave uprising in 1739 in South Carolina, one of the largest and most significant slave rebellions in the colonial United States.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services without compensation.