The 2009 Monitoring the Future Survey Indicates That _____

question 31

Multiple Choice

The 2009 Monitoring the Future survey indicates that _____.

• A)drug use among American adolescents continues to decline
• B)drug use among American adolescents continues to increase
• C)alcohol consumption among American youth has increased
• D)cigarette smoking among American youth has increased

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Definitions:

Minimum Efficient Scale

Minimum efficient scale represents the smallest amount of production a company can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Industry

A group of companies that produce similar products or services and compete in the same market.

Diseconomies of Scale

Increases in cost per unit when output increases, resulting from factors such as management challenges, inefficiencies, and communication problems as firms grow larger.

Large-Scale Business

An enterprise or organization that operates on a significant scale, typically involving extensive operations, large numbers of employees, or substantial revenue.