Suppose the technology of production is such that the typical firm's minimum efficient scale is 1400 units per week at an average long-run cost of $9 per unit.If the total quantity demanded in this market at a price of $9 per unit is 22 million units per week,the likely result will be
A) a cartel.
B) price discrimination.
C) a natural monopoly.
D) a concentrated oligopoly.
E) a competitive industry.
Correct Answer:
Verified
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