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alireads alireads
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A year ago
Suppose the technology of production in an industry is such that the typical firm's minimum efficient scale is 1400 units per week at an average long-run cost of $9 per unit. If the total quantity demanded in this market at a price of $9 per unit is 22 million units per week, the likely result will be

▸ a natural monopoly.

▸ a competitive industry.

▸ a cartel.

▸ price discrimination.

▸ a concentrated oligopoly.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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Cow5215Cow5215
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A year ago
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alireads Author
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A year ago
Thanks
deathDoUsPart
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Yesterday
Just got PERFECT on my quiz
deathDoUsPart
wrote...

2 hours ago
Good timing, thanks!
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