Economies of Scale Exist

question 10

Multiple Choice

Economies of scale exist

• A) only for monopolists.
• B) when long-run average total costs increase.
• C) when long-run average total costs decrease.
• D) when long-run average total costs are constant.
• E) when governments create barriers to entry.

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Definitions:

Non-disclosure Clauses

Legal provisions in a contract that prohibit the sharing of confidential information with unauthorized parties.

Fiduciary Duty

An obligation to act in the best interest of another party, such as the duty of a trustee towards their beneficiaries.

Breach Of Confidence

An unlawful disclosure of confidential information without the permission of the party that owns the information.

Anton Piller Order

A court order that permits the plaintiff to search premises and seize evidence without prior warning, to prevent the destruction of pertinent documents or materials.