« previous next »

Author Question: If a firm must produce a significant share of market output before low average costs can be ... (Read 97 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?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Air masses interact to produce weather Air masses interact to produce weather
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library