« previous next »

Author Question: If a firm must produce a significant share of market output before low average costs can be ... (Read 100 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jun 30, 2018
If a firm must produce a significant share of market output before low average costs can be achieved, the structure of this industry will tend to be
 a. monopolistic competition
  b. perfect competition
  c. oligopoly
  d. either monopolistic competition or oligopoly
  e. either perfect competition or monopolistic competition

Question 2

Increasing taxes likely leads to an increase in activity in the underground economy.
 a. True
  b. False


meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Cardiac Output Cardiac Output
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library