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Author Question: When a single firm can produce output over the relevant range of demand more efficiently than two or ... (Read 38 times)

cool

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on: Jun 30, 2018
When a single firm can produce output over the relevant range of demand more efficiently than two or more firms can, because of the existence of economies of scale, we have:
 a. perfect competition.
 b. monopolistic competition.
  c. diseconomies of scale.
 d. a natural monopoly.

Question 2

Which of the following tools of commercial policy yields a revenue to the government?
 a. Quota
  b. Tariff
  c. Export subsidy
  d. Government procurement policy
  e. Health and safety standards


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blakeserpa

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


cool

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

mcarey591

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Reply 3 on: Yesterday
Excellent

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