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8 years ago
Economies of scale will create a barrier to entry in an oligopoly industry when
A) a firm's minimum efficient scale occurs where long-run average total costs are constant.
B) the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a large fraction of total industry sales.
C) the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a small fraction of total industry sales.
D) the industry's four-firm concentration ratio is less than 40 percent.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Chimelo46Chimelo46
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8 years ago
Glad to help you, and good luck with your course.
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