The Existence of External Economies of Scale

question 33

Multiple Choice

The existence of external economies of scale

• A) may be associated with a perfectly competitive industry.
• B) cannot be associated with a perfectly competitive industry.
• C) tends to result in one huge monopoly.
• D) tends to result in large profits for each firm.
• E) focuses more on individual firms than the industry as a whole.

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Definitions:

Snail-Shaped Tube

Refers to the cochlea in the inner ear, which plays a key role in the process of hearing by converting sound waves into neural signals.

Vestibular Sacs

Part of the inner ear involved in balance, specifically in detecting changes in the position of the head with respect to gravity.

Semicircular Canals

Structures within the inner ear that are key components of the vestibular system, helping to maintain balance by responding to rotational movements.

Sensory Restriction

Sensory restriction involves limiting one or more of the senses, such as sight or hearing, for therapeutic purposes, experimental research, or personal exploration of sensorial experience.