Suppose a Single Firm Can Produce 100 Units at an Average

question 73

Multiple Choice

Suppose a single firm can produce 100 units at an average cost of $15. If two firms produce 50 units each, the total cost rises to $2,500. Which of the following is true about this market?

• A) The demand for this product will be higher if there are two firms producing the product than if there is only one.
• B) It is more efficient to have two firms so they each have a competitor.
• C) Neither firm can make a profit.
• D) It is a natural monopoly.

Discuss the potential negative effects of focusing solely on punitive measures for controlling inappropriate behavior in schools.

Understand the complexity and challenges in evaluating social behavior.

Distinguish between academic and social behavior and understand their interconnectedness.

Recognize the significance of context in evaluating and responding to behaviors.

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Definitions:

Defense of Property

The legal justification for using reasonable force to protect one's property from being damaged or stolen.

Self-defense

A legal defense that involves protecting oneself or others from immediate harm by using reasonable force.

Consent

The voluntary agreement to or approval of some act or purpose, implied or expressed by one's actions or inactions.

False Imprisonment

A legal term for unlawfully restraining a person's freedom of movement.