Suppose that the concentration ratio of an industry is high.Which of the following statements would be correct?
A) Increasing returns to scale are insignificant for the firms within the industry.
B) Increasing returns to scale are significant for the firms within the industry.
C) The industry will have many firms within it.
D) The firms within the industry will have all achieved their minimum efficient scale.
E) All the firms must be of a similar size.
Correct Answer:
Verified
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