A Market Which Only Allows Only One Firm to Operate

question 144

Multiple Choice

A market which only allows only one firm to operate at lowest average cost is called a(n)

• A)natural monopoly.
• B)scale industry.
• C)increasing returns industry.
• D)large scale industry.

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Definitions:

Streptomycin

Streptomycin is an antibiotic utilized in treating various bacterial infections, notably tuberculosis and the plague, by inhibiting protein synthesis in bacteria.

Protein Synthesis

The process by which cells build proteins based on genetic instructions, involving transcription and translation stages.

Golgi Apparatus

A cell organelle involved in modifying, sorting, and packaging proteins and lipids for secretion or use within the cell.

Rough Endoplasmic Reticulum

A network of membranous tubules within a cell, studded with ribosomes, involved in protein synthesis and folding.