Which of the Following Is Most Likely to Be an Increasing-Cost

question 74

Multiple Choice

Which of the following is most likely to be an increasing-cost industry?​

• A)An industry whose firms experience diseconomies of scale
• B)An industry whose firms experience economies of scale
• C)An industry that is a major buyer in the markets for the inputs it uses
• D)An industry that is a very small buyer in the markets for the inputs it uses
• E)An industry in which the firms earn positive economic profit in the long run

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Definitions:

Less Risky Decision

A decision-making approach that prioritizes options with lower potential for negative outcomes or loss.

Mindguards

Individuals within a group who limit access to information to prevent dissent or critical thinking that might challenge the group's consensus.

Protecting

Ensuring safety or defending something from harm, damage, or adverse conditions.

Illusion of Invulnerability

A cognitive bias leading individuals or groups to underestimate risks and overestimate their ability to control outcomes.