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

Author Question: Economies of scale in production act as a source of: A) legal market power. B) natural market ... (Read 117 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Economies of scale in production act as a source of:
 
  A) legal market power.
  B) natural market power.
  C) restricted market power.
  D) regulated market power.

Question 2

A necessary condition for perfect competition is
 
  A) price searchers.
  B) price takers.
  C) legal restrictions on entry into the market.
  D) a small number of huge firms.
  E) widespread and long-run economic profits.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


gbarreiro

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

The Scale of Life 1 The Scale of Life 1
The Geologic Time Scale The Geologic Time Scale
Selected Natural Products Selected Natural Products
Natural Products Used as Antineoplastic Therapy Natural Products Used as Antineoplastic Therapy
Localizing the Source of High-Frequency Sounds Localizing the Source of High-Frequency Sounds
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library