When Economies of Scale Are So Large That the Minimum

question 171

Multiple Choice

When economies of scale are so large that the minimum efficient scale of operation is roughly equal to market demand, _____ exists.

• A) monopolistic competition
• B) a monopsony
• C) an oligopoly
• D) a natural monopoly

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Definitions:

Riots

Public disturbances against authority or between groups, characterized by violence, chaos, and possible destruction of property, often sparked by social or economic grievances.

Department Of Defense

The federal department charged with coordinating and supervising all agencies and functions of the government relating directly to national security and the United States armed forces.

Military Training

The process of educating and preparing individuals for service in the armed forces, including physical conditioning, tactical skills, and discipline development.

White Police Force

A policing organization composed predominantly or exclusively of white officers, which may reflect broader systemic racial biases.