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bklm1234 bklm1234
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Suppose the technology of an industry is such that the typical firm's minimum efficient scale is 18 units per day at an average long-run cost of $1600 per unit. If the total quantity demanded at a price of $1750 per unit is 16 units per month, the likely result would be

▸ price discrimination.

▸ a natural monopoly.

▸ a cartel.

▸ a competitive industry.

▸ a concentrated oligopoly.
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Microeconomics

Microeconomics


Edition: 17th
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edatayedatay
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