Economies of scale, If there are significant economies of scale in an industry, then: A)

Economies of scale

If there are significant economies of scale in an industry, then: A) a firm that is large may be able to produce at a lower unit cost than can a small firm. B) a firm that is large will have to charge a higher price than will a small firm. C) entry to that industry will be easy. D) firms must differentiate their products to earn economic profits.

View Complete Question

Related Questions in Microeconomics

Q : Shapes of yield curves in marketplace

What are the three basic shapes of yield curves in the marketplace?

Q : Implicit and explicit economic costs I

I have a problem in economics on Implicit and explicit economic costs. Please help me in the following question. The Economic profit is the difference among total revenue and: (i) The sum of explicit and implicit economic costs. (ii) Accounting cost. (iii) Variable co

Q : Reinforces the substitution effect For

For normal goods which experience price changes, then the income effect: (i) Recognizes how higher money income influences demands for goods. (ii) Invalidates the diminishing marginal utility law. (iii) Offsets the substitution effect. (iv) Reinforces the substitution

Q : Corporations account problem I have a

I have a problem in economics on Corporations account problem. Please help me in the following question. The Corporations account for roughly ______ of U.S. business revenues. (i) 1/4. (ii) 1/2. (iii) 1/6. (iv) 5/6. (e) All the above.

Q : Policies of wage discrimination Can

Can someone help me in finding out the right answer from the given options. Both level of employment through a firm and the average rate of monopsonistic exploitation of labor are raised when a firm is capable to: (1) Outsource through hiring less productive workers i

Q : Horizontally summing the short-run

For a competitive industry the short-run supply curve is derived through summing the short-run supply curves of all firms within the industry: (w) vertically. (x) horizontally. (y) diagonally. (z) and computing their arithmetic average.

Q : Shift in market equillibrium Grape

Grape jelly and Peanut butter are strong complements. Assume that severe mold ruined half of this year’s peanut harvest. When the grape jelly market was primarily in equilibrium on S0D0, then this market would shift to: (a) S1D0. (b) S0D2. (c) S2D0. (d) S2D2. (e

Q : Production in a competitive market

Production within a competitive market system tends to be: (1) a process that exploits labor to the maximum. (2) geared to respond to the whims of central planners. (3) relatively efficient and low cost. (4) highly automated because labor costs more t

Q : Price below perfect competition Who

Who decides price beneath perfect competition? Answer: Price under perfect competition is recognized by the forces of market demand and supply in business.

Q : Types of elasticity of supply Types of

Types of elasticity of supply: There are five kinds of elasticity of supply:1. Perfectly elastic supply:

Discover Q & A

Leading Solution Library

Avail More Than 1413864 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943478
Asked

3,689

Active Tutors

1413864

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment