A Telephone Is Much More Useful to a Consumer When

question 89

Multiple Choice

A telephone is much more useful to a consumer when other people also have telephones.This illustrates which of the following concepts?

• A)Economies of scale
• B)Diseconomies of scale
• C)Natural monopoly
• D)Network economies
• E)Constant returns to scale

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Definitions:

Superficial Cuts

Minor wounds affecting only the top layers of skin, usually not requiring professional medical treatment.

Precipitating Event

An incident or occurrence that triggers the onset of a particular situation or condition, often leading to a significant change.

Perception

The process of interpreting sensory information, enabling us to recognize meaningful objects and events in our environment.

Crisis Intervention

Immediate and short-term psychological support aimed at assisting individuals in distress to restore balance and reduce the impact of a crisis situation.