Which of the following statements about economies of scale is NOT true?
A) Economies of scale lead to markets with perfect competition.
B) Economies of scale do not result from patents and trademarks.
C) Economies of scale can arise in industries with high start-up costs.
D) Economies of scale can create markets where the optimal number of firms is one.
Correct Answer:
Verified
Q6: Economies of scale refers to the situation
Q7: If _ in output causes _ in
Q8: Which of the following can give rise
Q9: Which of the following is NOT a
Q10: Which of the following is NOT a
Q12: When the long-run average total costs of
Q13: A natural monopoly arises when an increase
Q14: Which one of the following situations can
Q15: In a natural monopoly, the government regulations
Q16: A monopolist faces a _ demand curve.
A)
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