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Author Question: A natural monopoly is most likely to occur in which of the following industries? A) the ... (Read 83 times)

jlmhmf

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on: Jun 29, 2018
A natural monopoly is most likely to occur in which of the following industries?
 
  A) the pharmaceutical industry because the development and approval of new drugs through the Food and Drug Administration can take more than 10 years
  B) the software industry because of the importance of network externalities
  C) an industry where fixed costs are very large relative to variable costs
  D) the diamond mining and marketing industry because one firm can control a key resource

Question 2

In an oligopoly, minimum efficient scale is likely to occur at a level of output that is a large fraction of industry sales.
 
  Indicate whether the statement is true or false
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momo1250

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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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jlmhmf

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

tkempin

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Reply 3 on: Yesterday
Excellent

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