Is it possible for an equilibrium that is consistent with purely competitive conditions to arise in an industry with positive scale economies?
If so, explain how this could happen. If not, why not?
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Q10: If some industries exhibit internal increasing returns
Q11: Why is it that if an industry
Q12: Why are increasing returns to scale and
Q13: The existence of internal economies of scale
A)
Q14: Internal economies of scale will _ average
Q16: If a firm's output doubles when all
Q17: Where there are internal economies of scale,
Q18: When there are external economies of scale,
Q19: If a firm's output less than doubles
Q20: The Internet has made transactions between businesses
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