Average Cost Pricing Is Permitted

question 113

Multiple Choice

Average cost pricing is permitted

• A)when a service is produced by a natural monopoly.
• B)when few firms have the incentive to provide a service.
• C)in price-taking markets.
• D)when firms exhibit diseconomies of scale.

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Definitions:

GUI

Stands for Graphical User Interface, a visual way of interacting with a computer using items like windows, icons, and menus, instead of text-based commands.

Pin

A personal identification number, which is a numeric or alphanumeric password used in securing access to devices or digital accounts.

Desktop

A personal computer designed to fit on or under a desk, distinct from portable laptops or mobile devices.

CMOS

Stands for Complementary Metal-Oxide-Semiconductor, a technology used for constructing integrated circuits, including microprocessors, sensors, and memory chips.