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Author Question: Consider the following characteristics of a particular industry:- each firm faces a demand curve ... (Read 71 times)

sh03641

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on: Oct 12, 2022
Consider the following characteristics of a particular industry:
- each firm faces a demand curve with price elasticity greater than 10 000
- each firm produces at a minimum efficient scale in long-run equilibrium
This industry is likely to be
◦ an oligopoly.
◦ highly concentrated.
◦ perfectly competitive.
◦ a cartel.
◦ monopolistically competitive.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sh03641 on Oct 12, 2022

hillard sane

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Reply #1 on: Oct 12, 2022
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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sh03641

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

pratush dev

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

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