If It Is Not Profitable for More Than One Firm

question 167

Multiple Choice

If it is not profitable for more than one firm to be in an industry, we have an example of

• A) monopoly due to ownership of key resources.
• B) monopoly due to governmental entry restrictions.
• C) monopoly due to economies of scale.
• D) pure competition.

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Definitions:

TNT

Trinitrotoluene, a chemical compound used as an explosive, recognized by its chemical formula C7H5N3O6.

Carbon Atoms

The basic building blocks of most organic compounds, each consisting of six protons, six electrons, and a varying number of neutrons.

Oxidize

A chemical reaction in which a substance loses electrons or hydrogen, often involving the addition of oxygen or the removal of hydrogen.

Muzzle Flash

The visible blast of flame and light produced at the muzzle of a firearm when it is fired, caused by the rapid combustion of propellant.