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Author Question: An industry that realizes such large economies of scale in producing its product that ________ ... (Read 43 times)

vicky

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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
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Marked as best answer by vicky on Apr 19, 2019

vseab

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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.
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vicky

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Reply 2 on: Apr 19, 2019
Excellent

emsimon14

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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