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drw92 drw92
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A year ago
Suppose the technology of an industry is such that the typical firm's minimum efficient scale is 8000 units per month at an average long-run cost of $5 per unit. If the total quantity demanded at a price of $5 per unit is 8500 units per month, the likely result would be

▸ a concentrated oligopoly.

▸ a natural monopoly.

▸ perfectly competitive firms.

▸ a cartel.

▸ price discrimination.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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letssdoothissletssdoothiss
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A year ago
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drw92 Author
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A year ago
this is exactly what I needed
Tabitha.davis
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Yesterday
Thank you, thank you, thank you!
patyfeitosa
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2 hours ago
This helped my grade so much Perfect
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