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Author Question: When economies of scale exist so that one firm can meet the entire market demand at a lower average ... (Read 64 times)

khang

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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
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Marked as best answer by khang on May 24, 2019

abctaiwan

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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.
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khang

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Reply #2 on: May 24, 2019
Thank you!


abctaiwan

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Reply #3 on: May 24, 2019
Always glad to help...


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