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Suppose that minimum efficient scale as a percentage of U.S. consumption is 5 percent in industry X ...

kmonette

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Suppose that minimum efficient scale as a percentage of U.S. consumption is 5 percent in industry X ...

Suppose that minimum efficient scale as a percentage of U.S. consumption is 5 percent in industry X and it is 10 percent in industry Y. It follows that we would expect to find

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fewer firms in industry Y than X.

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fewer firms in industry X than Y.

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bigger firms in industry Y than X.

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bigger firms in industry X than Y.

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none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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collegestudent1

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kmonette Author

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Thanks

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Good timing, thanks!

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