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:

Limbic System

A complex system of nerves and networks in the brain, involved in controlling basic emotions and drives.

Forebrain

The anterior part of the brain, including the cerebral hemispheres, responsible for complex behaviors and cognitive functions.

Cerebellum

A part of the brain located at the back of the skull, responsible for coordinating voluntary movements and maintaining balance and posture.

Reticular Formation

The reticular formation is a network of neurons located in the brainstem that is responsible for regulating wakefulness and sleep-wake transitions.