Nathaniel Wayeth,developer of the Plastic Soft Drink Bottles,dreamed of the Day

question 65

Multiple Choice

Nathaniel Wayeth,developer of the plastic soft drink bottles,dreamed of the day when we will be able to melt down plastic bottles,reinforce the fibers and make car bodies.Then when we are done with the cars,melt down the car bodies and make bottles out of them.This would be an ultimate example of

• A)biodegradation.
• B)incineration.
• C)recycling.
• D)reuse.

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Definitions:

Maximum Profit

The highest level of profit attainable when total revenue is maximized and total costs are minimized under given market conditions.

Natural Monopoly

A type of monopoly that occurs when a single firm can supply a market with a good or service more efficiently and at a lower cost than could be achieved by multiple competing firms, due to economies of scale.

Network Effects

The effect that additional users of a product or service have on the value of that product to others, where the value increases as more people use it.

Substantial Network

A concept in economics and business that typically refers to a network within a market that has a significant user base or utility, making it valuable and influential.