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Author Question: If the long-run average cost curve is U-shaped, the optimal scale of production from society's ... (Read 130 times)

j.rubin

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on: Jun 29, 2018
If the long-run average cost curve is U-shaped, the optimal scale of production from society's viewpoint is
 
  A) where maximum economic profit is earned by producers.
  B) the minimum efficient scale.
  C) one which guarantees economic profit.
  D) where firm profit is large enough to finance research and development.

Question 2

The larger the number of firms in an industry
 
  A) the more intense the rivalry among firms.
  B) the larger the potential number of market segments.
  C) the easier it is to implicitly collude to fix prices.
  D) the greater the need for a price enforcement mechanism.
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mk6555

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Reply #1 on: Jun 29, 2018
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.
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j.rubin

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Reply #2 on: Jun 29, 2018
Correct answers!


mk6555

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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