A Firm That Has Economies of Scale

question 314

Multiple Choice

A firm that has economies of scale:

• A) at low output and but diseconomies of scale at high output is a natural monopoly.
• B) over the entire range of output demanded is a natural monopoly.
• C) at any particular level of output is a natural monopoly.
• D) has a continually rising long-run average cost curve.

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Definitions:

Electrons

Subatomic particles with a negative charge, found in all atoms and playing essential roles in electricity, chemistry, and bonding.

Compound

A substance made up of two or more different elements that are chemically bonded together.

Free Radicals

Highly reactive molecules with unpaired electrons, capable of causing cellular damage and contributing to disease processes.

Electrons

Subatomic particles with a negative charge, orbiting the nucleus of an atom and involved in chemical reactions and electricity.