If the Minimum Efficient Scale in an Industry Were Smaller

question 396

True/False

If the minimum efficient scale in an industry were smaller than the size of the market of that industry, then we would have a natural-monopoly situation.

---

Definitions:

Environmental Issues

Problems related to the environment, including pollution, climate change, and resource depletion, affecting ecosystems and human well-being.

Disjoint Events

Two or more events that cannot occur simultaneously, having no outcomes in common.

Entertained by Reading

The act of finding enjoyment or amusement through the activity of reading books, articles, or other written materials.

Probability

The expression of an event's probability of occurring, presented as a number between 0 and 1.