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Author Question: If a firm must produce a significant share of market output before low average costs can be ... (Read 96 times)

Mr. Wonderful

  • Hero Member
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  • Posts: 866
on: Jun 30, 2018
If a firm must produce a significant share of market output before low average costs can be achieved, the structure of this industry will tend to be
 a. monopolistic competition
  b. perfect competition
  c. oligopoly
  d. either monopolistic competition or oligopoly
  e. either perfect competition or monopolistic competition

Question 2

Increasing taxes likely leads to an increase in activity in the underground economy.
 a. True
  b. False


meganlapinski

  • Sr. Member
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  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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