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Under Conditions of Oligopoly,economies of Large-Scale Production Mean That

Question 55

Multiple Choice

Under conditions of oligopoly,economies of large-scale production mean that:


A) firms are able to sell all of the output they desire.
B) it is difficult for a firm to determine its profit-maximizing price and output.
C) large firms would find it more profitable to break up into smaller production units.
D) small firms are at a disadvantage in competing with relatively large firms.

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