Industries, Where Economies of Scale Dictate That Only a Few

question 28

Multiple Choice

Industries, where economies of scale dictate that only a few firms produce, will be efficient if the markets in which they sell are

• A)perfect.
• B)contestable.
• C)close to each other.
• D)protected from entry.

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Definitions:

Human Combustion

A supposed phenomenon where a human body allegedly catches fire and burns as a result of internal chemical reactions, without an external source of ignition.

Percolation

The process of a liquid slowly passing through a filter or porous substance, often used in the context of water movement through soil.

Groundwater

Water stored underground in soil and crevasses, or an aquifer

Evaporation

The process by which a liquid turns into vapor, typically under the effect of heat.