This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An industry that realizes such large economies of scale in producing its product that ________ ... (Read 73 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Apr 19, 2019

Question 1

We call a firm a natural monopolist when its 
LRAC curve ________ when the 
LRAC intersects the market demand curve.


◦ is horizontal
◦ becomes negative
◦ is rising
◦ is still declining

Question 2

An industry that realizes such large economies of scale in producing its product that ________ production of that good or service is most efficient is called a natural monopoly.


◦ government
◦ multi-firm
◦ no
◦ single-firm
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by vicky on Apr 19, 2019

vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


vicky

  • Member
  • Posts: 586
Reply 2 on: Apr 19, 2019
Excellent

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

(a) Large buttress roots in a tropical rain forest (a) Large buttress roots in a tropical rain forest
Managing large bands of grazing animals requires detailed knowledge of local landscapes, especially Managing large bands of grazing animals requires detailed knowledge of local landscapes, especially
Pain scale Pain scale
The gray scale. The gray scale.
Zone dimensions are not drawn to scale. Zone dimensions are not drawn to scale.
Human embryo at successive stages of development (not to scale). Human embryo at successive stages of development (not to scale).
Video: Methods that regulate pH

For a complete list of videos, visit our video library