« previous next »

Author Question: A firm that has taken advantage of economies of scale and expanded to become the only producer in ... (Read 93 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
A firm that has taken advantage of economies of scale and expanded to become the only producer in the market is
 
  A) a cartel.
  B) a natural monopoly.
  C) a monopolistic competitor.
  D) an oligopolist.

Question 2

Public goods face the
 
  A) principle of rival consumption.
  B) free-rider problem.
  C) law of overproduction.
  D) exclusion principle.


kthug

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Pain scale Pain scale
The brain, spinal cord, and spinal nerves. An expanded view of the spinal cord is shown. The brain, spinal cord, and spinal nerves. An expanded view of the spinal cord is shown.
Flow Patterns and Large-Scale Weather Flow Patterns and Large-Scale Weather
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Measuring the client’s height with a platform scale Measuring the client’s height with a platform scale
Storm Surge Scale Storm Surge Scale
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library