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

Author Question: Consider an industry in which there are significant scale economies. An implication is that (Read 64 times)

cyc028

  • Full Member
  • ***
  • Posts: 151
on: Oct 12, 2022

Question 1

Of the following, which is the best example of a monopolistically competitive firm?
◦ Air Canada
◦ a local hair salon
◦ Burger King
◦ a PEI potato farmer
◦ Apple

Question 2

Consider an industry in which there are significant scale economies. An implication is that
◦ barriers to entry in the industry are non-existent.
◦ the firms in the industry will behave as perfect competitors.
◦ the minimum efficient scale of operation occurs at fairly low output levels.
◦ a large share of the market would be required by each firm to achieve the lowest possible cost per unit.
◦ this industry is more efficient than others.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cyc028 on Oct 12, 2022

heathercab

  • Full Member
  • ***
  • Posts: 161
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.
Answer Preview
Only 35% of students answer this correctly


cyc028

  • Member
  • Posts: 151
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Major features of the Solar System (not to scale) Major features of the Solar System (not to scale)
The gray scale. The gray scale.
Tornado intensity Scale Tornado intensity Scale
Clinically Significant Drug-Drug Interactions in Dentistry Clinically Significant Drug-Drug Interactions in Dentistry
The pH scale is logarithmic. A low pH indicates acidic conditions, whereas a high pH indicates ... The pH scale is logarithmic. A low pH indicates acidic conditions, whereas a high pH indicates ...
Weight Scale Weight Scale
Video: Cellular slime mold life cycle Animation

For a complete list of videos, visit our video library