When Economies of Scale Persist to Such High Levels of Output

question 17

Multiple Choice

When economies of scale persist to such high levels of output that it is efficient to have only one firm produce,the resulting firm is known as a(n) :

• A) patent holder.
• B) regulated monopolist.
• C) reluctant monopolist.
• D) natural monopolist.
• E) acceptable monopolist.

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Definitions:

Mouth

The location where a stream, river, or canyon ends, such as where a river enters the sea.

Cross-sectional Area

The area of an object or space as seen from a cut through the object, typically perpendicular to its longest dimension.

Volume

Volume is a measure of the amount of space that an object or substance occupies, commonly expressed in cubic units.

Maximum Sediment Grain Size

The largest diameter of individual grains in a sedimentary deposit, indicating the energy of the transporting medium.