A Market in Which the Entire Demand for a Good

question 212

Multiple Choice

A market in which the entire demand for a good or service can be satisfied at the least cost by a single firm is a

• A) horizontal market.
• B) natural monopoly.
• C) contestable market.
• D) perfect market.

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Definitions:

Anabolic Pathways

Metabolic pathways that construct molecules from smaller units, requiring energy, commonly associated with growth and development.

Genomic Imprinting

An epigenetic phenomenon by which certain genes are expressed in a parent-of-origin-specific manner, meaning that the expression of such genes is determined by the parent from whom the gene was inherited.

Paternal

Relating to or characteristic of a father, including genetic inheritance or social roles associated with fatherhood.

Maternal Inheritance

The genetic transmission of genes and traits exclusively from the mother, often seen in mitochondrial DNA.