A Feature of Imperfect Competition Is _________, Which Means That

question 9

Multiple Choice

A feature of imperfect competition is _________, which means that as the firm expands its production, average costs of production fall. Therefore, the firm can _______ its costs of production by selling internationally.

• A) increasing returns to scale; decrease
• B) increasing returns to scale; increase
• C) decreasing returns to scale; decrease
• D) decreasing returns to scale; increase

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Definitions:

Light

Electromagnetic radiation within a certain portion of the electromagnetic spectrum, visible to the human eye.

Resting Potential

The electrical charge of a neuron when it is not active, reflecting the difference in ion concentration between the inside and outside of the cell.

Electroencephalogram

A test that measures electrical activity in the brain using small, flat metal discs (electrodes) attached to the scalp.

EEG

Electroencephalography, a technique used to record the electrical activity of the brain, useful in diagnosing epilepsy, sleep disorders, and other neurological conditions.