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Author Question: Economies of scale in production act as a source of: A) legal market power. B) natural market ... (Read 132 times)

gbarreiro

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on: Jun 29, 2018
Economies of scale in production act as a source of:
 
  A) legal market power.
  B) natural market power.
  C) restricted market power.
  D) regulated market power.

Question 2

A necessary condition for perfect competition is
 
  A) price searchers.
  B) price takers.
  C) legal restrictions on entry into the market.
  D) a small number of huge firms.
  E) widespread and long-run economic profits.


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anoriega3

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


gbarreiro

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

coreycathey

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Reply 3 on: Yesterday
Excellent

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