Suppose that you build a high-speed, magnetically powered transportation system from New York to Los Angeles. High fixed costs resulting from the enormous quantity of capital used in this system enable decreasing average cost for any conceivable level of demand. Your monopoly would result from:
Choose one answer.
a. control of a scarce resource or input.
b. increasing returns to scale.
c. government-created barriers.
d. technological superiority.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that you build a high-speed, magnetically powered transportation system from New York to Los Angeles. High fixed costs resulting ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Global strategy is an approach to internationalization in which headquarters delegates considerable autonomy to each country manager, allowing him or her to operate independently and pursue local responsiveness.
Answers (1)
As part of the initial screening for possible employment, a nuclear power company administers a psychological test that yields scores on tendencies toward depression and schizophrenia. What is the name of this psychological test?
Answers (1)
A cost center does not directly generate revenues. a. True b. False
Answers (1)
The computation of the additional shares to be issued on the exercise of stock options assumes that the firm would repurchase common shares on the open market using an amount equal to the sum of all the following except a any unamortized
Answers (1)
Is it possible to be a billionaire without getting a job, just by being an entrepreneur?
Answers (1)
New Questions in Business
Sun-hi, who operates a pan-asian restaurant in her apartment, is charged with criminal violations of the local health and building codes, state license regulations, and federal environmental statutes.
Answers (1)
A form of communication management that seeks to influence the feelings, opinions, or beliefs held by customers, prospective customers, stockholders, suppliers, employees, and other publics about a company and its products or services is referred to
Answers (1)
Usa jobs is an example of what
Answers (1)
Complete the recursive formula of the geometric sequence 500, 200, 80, 32 ...
Answers (1)
Why would an advertiser use a mixed-media approach? It is less expensive than a homogeneous media mix It gives more exposure than a heterogeneous media plan It is easier to schedule than any other type of media mix It produces an effect where the
Answers (1)