Author Question: Large oligopoly firms are often able to take advantage of significant economies of scale. As a ... (Read 49 times)

mwit1967 · **on:** Jun 30, 2018

Large oligopoly firms are often able to take advantage of significant economies of scale. As a result, they can often produce at a lower average total cost than can smaller firms.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Mention some of the remedies to prevent violation of a low-cost contract between farmers and beekeepers.

blfontai · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

One of the remedies to prevent violation of a low-cost contract is a payment by the farmer or an order that the beekeeper release the bees for another day. A merger that puts the bees and the trees under a single owner and a common management can also prevent a breach of contract.