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

Author Question: An industry that realizes such large economies of scale in producing its product that single-firm ... (Read 58 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Apr 19, 2019

Question 1

When a firm's 
LRAC curve is still declining when it intersects the market demand curve, we call the firm a(n) ________.


◦ perfect competitor
◦ monopolistic competitor
◦ oligopolist
◦ natural monopolist

Question 2

An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called a(n) ________ monopoly.


◦ fixed cost
◦ economies of scale
◦ patent
◦ natural
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by casperchen82 on Apr 19, 2019

strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


casperchen82

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Apr 19, 2019
TY


strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Large regions of the Boreal forest in Alberta have been divided into a grid due to industrial develo Large regions of the Boreal forest in Alberta have been divided into a grid due to industrial develo
A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain
Postage meters are used for large mailings. Postage meters are used for large mailings.
Product safety Product safety
Polyps, or abnormal growths, on the lining of the large intestine may indicate early stages of colon Polyps, or abnormal growths, on the lining of the large intestine may indicate early stages of colon
The Geologic Time Scale The Geologic Time Scale
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library