When Monopolies Exist Because Economies of Scale Prevail Over the Entire

question 128

Multiple Choice

When monopolies exist because economies of scale prevail over the entire range of demand:

• A) they will charge prices too low to achieve the efficient level of output.
• B) even then, economists insist that they do not serve a useful role.
• C) economists suggest that we may want to regulate their production and pricing, but we may not want to give up their cost advantages.
• D) ATC is likely to exceed price.

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Definitions:

Sexual Motives

The psychological and physiological factors that drive individuals towards sexual behavior and activities.

Anti-Freud

Refers to theories or perspectives that dispute or reject the psychoanalytic theories proposed by Sigmund Freud.

Oedipus Complex

A concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Sexual Attachment

A type of emotional bond formed through sexual activity, potentially influencing feelings of closeness and connection between sexual partners.