« previous next »

Author Question: If a firm must produce a significant share of market output before low average costs can be ... (Read 92 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?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
Clinically Significant Drug-Drug Interactions in Dentistry Clinically Significant Drug-Drug Interactions in Dentistry
Clinically Significant Drug-Disease Interactions in Dentistry Clinically Significant Drug-Disease Interactions in Dentistry
How to calculate fuel costs How to calculate fuel costs
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ... Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ...
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library