If there are significant economies of scale in an industry, then
A) a firm that is large may be able to produce at a lower unit cost than can a small firm.
B) a firm that is large will have to charge a higher price than will a small firm.
C) entry to that industry will be easy.
D) firms must differentiate their products to earn economic profits.
Correct Answer:
Verified
Q95: The mutual interdependence that characterizes oligopoly arises
Q96: Oligopoly is more difficult to analyze than
Q97: Oligopolistic industries are characterized by
A)a few dominant
Q98: Prices are likely to be least flexible
A)in
Q99: The copper, aluminum, cement, and industrial alcohol
Q101: Interindustry competition means that
A)in oligopolistic industries, a
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