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 88 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?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

How to find the average atomic mass of an element How to find the average atomic mass of an element
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
The Wong-Baker “Faces” pain rating scale The Wong-Baker “Faces” pain rating scale
Cast of a Fossil Dunkleosteus, with a human to illustrate scale Cast of a Fossil Dunkleosteus, with a human to illustrate scale
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library