Which of the following is a reason that businesses give to arts programs?

Select one:

a.to improve quality of community life

b.to improve academic performance for students

c.to create vibrant community

d.All of these.

A market in which the economies of scale are so great that the largest firm has the lowest costs and is able to drive out competitors is called a(n)

Select one:

a.externality.

b.natural monopoly.

c.deregulated industry.

d.market failure.