Economies of scale will lead to only one firm in the industry because
A) by increasing output a firm is able to lower the cost per unit and charge lower prices driving smaller firms out of business.
B) one firm has an average cost curve, which has shifted below the average cost curves of its competitors.
C) there are governmental entry restrictions.
D) of government licensing.
Correct Answer:
Verified
Q53: Barriers to entry enable many monopolists to
A)
Q54: Which of the following is NOT true
Q55: Shortly after the turn of the century,
Q56: When it takes one firm in an
Q57: Which of the following is NOT true
Q59: Entry barriers are most significant in
A) pure
Q60: If it is NOT possible for a
Q61: When a firm experiences declining long-run average
Q62: Suppose that a drug for treating cancer
Q63: Economies of scale may be a barrier
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