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

Author Question: When economies of scale exist so that one firm can meet the entire market demand at a lower average ... (Read 87 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: May 24, 2019
When economies of scale exist so that one firm can meet the entire market demand at a lower average total cost than two or more firms,
◦ a natural monopoly develops.
◦ the monopoly encounters competition.
◦ economic profit is reduced to zero.
◦ the monopoly converts all of the consumer surplus into economic profit.
◦ there is always the opportunity to price discriminate.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by khang on May 24, 2019

abctaiwan

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: May 24, 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 39% of students answer this correctly


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: May 24, 2019
Thank you!


abctaiwan

  • Sr. Member
  • ****
  • Posts: 355
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Post-Communist Economies Post-Communist Economies
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Joint movements of the lower leg for recovery after strenuous exercise. Joint movements of the lower leg for recovery after strenuous exercise.
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Human embryo at successive stages of development (not to scale). Human embryo at successive stages of development (not to scale).
Video: Chromosome structural organization/ Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library