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Author Question: Positive externalities lead to under supply in a market. Indicate whether the statement is true or ... (Read 66 times)

JGIBBSON

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on: Jun 30, 2018
Positive externalities lead to under supply in a market.
  Indicate whether the statement is true or false

Question 2

Under conditions of oligopoly, economies of large-scale production mean that:
 a. firms are able to sell all of the output they desire.
 b. it is difficult for a firm to determine its profit-maximizing price and output.
 c. large firms would find it more profitable to break up into smaller production units.
  d. small firms are at a disadvantage in competing with relatively large firms.


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swimkari

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


JGIBBSON

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
Excellent

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