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insherro insherro
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7 years ago
If an industry is characterized by economies of scale:
A) barriers to entry are usually not very large.
B) long-run average costs of production increase as the quantity the firm produces increases.
C) capital requirements are small due to the efficiency of the large-scale operations.
D) the costs of entry into the market are likely to be substantial.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
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University of Ottawa - Economics for Managers
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andyborziandyborzi
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7 years ago
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3 years ago
Awesome
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