The Efficient Scale of One Firm Is 20 Units and the Average

question 52

Multiple Choice

The efficient scale of one firm is 20 units and the average total cost at the efficient scale is $30.The quantity demanded in the market as a whole at $30 is 40 units.This market is

• A) a natural duopoly.
• B) a legal duopoly.
• C) a natural monopoly.
• D) a legal monopoly.
• E) monopolistically competitive.

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Definitions:

New Habitats

The creation or emergence of new living environments for organisms, often due to environmental changes, human activity, or natural processes.

Environment

The sum of all external conditions and influences affecting the life, development, and survival of organisms.

Political Structure

The organization of government and the distribution of power within a society.

Gender Imbalance

A demographic disparity where the number of individuals of one gender significantly exceeds the number of individuals of the other gender within a population.