Author Question: Positive externalities lead to under supply in a market. Indicate whether the statement is true or ... (Read 59 times)

JGIBBSON · **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.