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Author Question: When there are economies of scale, larger and fewer firms bring cost efficiencies even as they ... (Read 88 times)

magmichele12

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Question 1

In most oligopolistic industries, positive profits attract new firms and thus increase production.


◦ true
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Question 2

When there are economies of scale, larger and fewer firms bring cost efficiencies even as they reduce price competition.


◦ true
◦ false


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Marked as best answer by magmichele12 on Apr 19, 2019

Loise Hard

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