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

Question 72

Multiple Choice

Exhibit 10-10 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.
-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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