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:

Hippy Counterculturalists

A group or movement originating in the 1960s characterized by an opposition to mainstream societal norms, often embracing alternative lifestyles, peace, and love.

Counterculturalists

Individuals or groups that oppose and seek alternatives to mainstream cultural norms, values, and practices.

Juvenile Delinquent

A young individual, typically under the legal age of majority, who has committed an act considered as a crime if it were done by an adult.

Differential Association Theory

A criminological theory suggesting that individuals learn deviant behavior from those close to them who provide models of and opportunities for deviance.