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unicorngirl13 unicorngirl13
wrote...
Posts: 438
Rep: 8 0
5 years ago

Question 1.

In most oligopolistic industries, positive profits attract new firms and thus increase production.



▸ true

▸ false

Question 2.

When there are economies of scale, larger and fewer firms bring cost efficiencies even as they reduce price competition.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 61 times
1 Reply
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Answer verified by a subject expert
amw87470amw87470
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Posts: 379
5 years ago
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unicorngirl13 Author
wrote...

5 years ago
Smart ... Thanks!
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thanks
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