Economies of Scale Tend to Create Natural Monopolies

question 98

True/False

Economies of scale tend to create natural monopolies.

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Definitions:

Unconditioned Response

An automatic, innate reaction to a stimulus without prior learning or conditioning.

Positive Reinforcers

In behavioral psychology, stimuli that, when presented following a behavior, increase the likelihood of that behavior being repeated.

Negative Reinforcers

In behavioral psychology, an unpleasant stimulus whose removal leads to an increase in the likelihood that a preceding behavior will be repeated in the future.

Negative Reinforcement

A type of operant conditioning that strengthens a behavior by removing an unpleasant stimulus when the behavior occurs.