If the Technology for Producing a Good Enables One Firm

question 352

Multiple Choice

If the technology for producing a good enables one firm to meet the entire market demand at a lower average total cost than two or more firms could,then that firm has

• A) patented the market.
• B) a natural monopoly.
• C) increasing average total costs.
• D) a legal barrier to entry.
• E) a discriminatory monopoly.

---

Definitions:

Questionnaire

A set of pre-designed questions used to collect data from respondents for research purposes.

Destructive Conflict

A disagreement or conflict that leads to negative outcomes, damaging relationships, or hindering progress.

Nominal Group Technique

A structured method for group brainstorming that encourages individual participation and idea generation.

Delphi Technique

A method used to reach a consensus among a panel of experts through a series of questionnaires interspersed with feedback summaries.