What Are the Magellanic Clouds

question 37

Multiple Choice

What are the Magellanic Clouds?

• A) Two small galaxies that orbit the Milky Way Galaxy
• B) Two nebulae located in the disk of the Milky Way galaxy and visible only from the Southern Hemisphere
• C) Star-forming clouds found in the constellation Orion
• D) The clouds of dust and gas found interspersed in many places throughout the Milky Way Galaxy

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Definitions:

Economies of Scale

The advantages in cost that companies receive owing to their operational magnitude, with the expense per produced unit generally diminishing as the scale of operations broadens.

Natural Monopoly

A market condition where the cost of production is minimized by having a single firm produce the product, due to high fixed or startup costs.

Demand Schedules

A table that shows the quantity demanded of a good or service at different price levels.