An Oligopoly Created Because of Economies of Scale Is Called

question 114

Multiple Choice

An oligopoly created because of economies of scale is called a

• A) natural oligopoly.
• B) legal oligopoly.
• C) public oligopoly.
• D) monopolistic oligopoly.
• E) scale oligopoly.

Recognize the factors contributing to the increased labor force participation of married women in the U.S.

Identify the resource that comprises the largest share of household income in the U.S.

Comprehend the concept of utility maximization by households.

Analyze the effects of economic trends and labor market changes on household decisions.

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Definitions:

Sequential Learning Processes

The method of acquiring knowledge or skills through a series of steps followed one after another.

Racial Identity

The aspect of personal identity that contributes to one’s self-image as a person of color. Evolves in relation to the sequential acquisition of three learning processes. See racial classification ability, racial identification, and racial evaluation.

Children

Young human beings, usually considered to be from birth to puberty.

Racial Identification

The second step in the process of the developing racial identity, it involves learning to apply the newly gained concept of race to oneself.