If the Economies of Scale Are So Large That Only

question 263

Multiple Choice

If the economies of scale are so large that only one firm can survive in the industry, then that industry is called a(n)

• A) monopoly.
• B) natural monopoly.
• C) oligopoly

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Definitions:

Budgetary Limitations

Financial constraints that limit the amount of resources available for a project, program, or expenditure.

Program Administrators

Individuals responsible for overseeing and managing the implementation and operation of a program or project.

SMART

An acronym for Specific, Measurable, Achievable, Relevant, and Time-bound, often used as criteria to guide setting objectives and goals, particularly in project management and personal development.

Measureable

Capable of being quantified or expressed as a numerical value.