An Industry That Realizes Such Large Economies of Scale in Producing

question 152

Multiple Choice

An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called a(n)

• A)fixed cost monopoly.
• B)patent monopoly.
• C)economies of scale monopoly.
• D)natural monopoly.

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Definitions:

Base

In anatomy, the base refers to the bottom or lower part of an organ.

Stage

Part of a microscope where the specimen is placed for observation, often equipped with clips to hold the slide in place.

Field Diameter

The visible area observed through the microscope lens at a particular magnification.

Total Magnification

Total magnification refers to the combined magnifying power of an optical instrument, such as a microscope, calculated by multiplying the magnification of the objective lens by the magnification of the eyepiece.