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Other Fields Homework Help Economics Topic started by: Tidy on Jun 21, 2015



Title: If economies of scale are relatively unimportant in an industry, the typical firm's long-run average
Post by: Tidy on Jun 21, 2015
If economies of scale are relatively unimportant in an industry, the typical firm's long-run average total cost curve will reach a minimum at a level of output that is a ________ fraction of total industry sales. The industry will be ________.
A) large; competitive
B) large; an oligopoly
C) small; competitive
D) small; an oligopoly


Title: Re: If economies of scale are relatively unimportant in an industry, the typical firm's long-run ave
Post by: Chimelo46 on Jul 20, 2015
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Title: Re: If economies of scale are relatively unimportant in an industry, the typical firm's long-run average
Post by: Chimelo46 on Aug 31, 2015
Glad to help you, and good luck with your course.