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Author Question: An industry that realizes such large economies of scale in producing its product that single-firm ... (Read 156 times)

casperchen82

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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
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Marked as best answer by casperchen82 on Apr 19, 2019

strudel15

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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.
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casperchen82

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Reply #2 on: Apr 19, 2019
TY


strudel15

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Reply #3 on: Apr 19, 2019
You're welcome


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