Exhibit 10-10 -A Firm That Takes Advantage of Economies of Scale and of Scale

question 72

Multiple Choice

Exhibit 10-10
-A firm that takes advantage of economies of scale and expands to become the only producer in the industry is called

• A)a monopolistically-competitive firm.
• B)an oligopoly.
• C)a cartel.
• D)a competitive firm.
• E)a natural monopoly.

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Definitions:

Heartfelt Communication

Genuine and sincere exchange of messages or feelings between individuals.

Social Isolation

The state of being detached or separated from social interactions and relationships, often leading to feelings of loneliness and alienation.

Communicative Disease

Loneliness and social isolation resulting from the absence of heartfelt communication in relationships.

Computer-Mediated Communication

The exchange of messages between individuals through digital devices, allowing for interaction without being physically present.