This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If there are economies of scale throughout the relevant output range of production, which is false? ... (Read 24 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
If there are economies of scale throughout the relevant output range of production, which is false?
 a. It is a natural monopoly.
 b. It is more efficient to have a single firm produce the good.
 c. It would typically result from a firm's possession of an exclusive patent.
  d. One large firm can produce at lower cost than two or more smaller firms.

Question 2

Government standards for products sold in the domestic market can have the effect of protecting domestic producers from foreign competition.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


rl

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Range of Motion of the Elbow Joint, Supination, Pronation Range of Motion of the Elbow Joint, Supination, Pronation
Scale used to measure pupil size in millimeters. Scale used to measure pupil size in millimeters.
Medium-Range Forecasts Medium-Range Forecasts
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Measuring the client’s height with a platform scale Measuring the client’s height with a platform scale
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library