Why is it that if an industry is operating under conditions of internal scale economies then the resultant equilibrium cannot be consistent with the pure competition model?
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Q6: If a scale economy is the dominant
Q7: External economies of scale arise when the
Q8: Internal economies of scale arise when the
Q9: The existence of external economies of scale
A)
Q10: If some industries exhibit internal increasing returns
Q12: Why are increasing returns to scale and
Q13: The existence of internal economies of scale
A)
Q14: Internal economies of scale will _ average
Q15: Is it possible for an equilibrium that
Q16: If a firm's output doubles when all
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