--%>
Assignment Help - homework help

Purely competitive decreasing cost industry

When a decreasing cost industry is purely competitive in that case: (1) each firm’s long-run supply curve is downward sloping. (2) each firm encounters increasing returns to scale. (3) growth of industry output yields lower per unit costs. (4) competition will be overcome by “natural monopoly.” (5) positive economic profits are assured.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Limit pricing model of strategic

    The assumption essential for the result of the limit pricing model of strategic behavior is: (a) entrant firms price at marginal cost. (b) entry and exit is relatively costless. (c) the incumbent firms will maintain old output levels after entry of a

    		•
  • Q : Policies for overall demanding labor

    Policies which raise the overall demand for labor and maintain unemployment rates low are: (w) significant for the success of any other programs to reduce poverty. (x) sufficient measures to reduce the incidence of poverty. (y) not relevant to the suc

    		•
  • Q : Nonrivalry and nonexcludability Select

    Select the right ans wer of the question.Nonrivalry and nonexcludability are the main characteristics of: A) capital goods. B) private goods. C) public goods. D) consumption goods.

    		•
  • Q : Determine the relationship among APC

    Determine the relationship among APC and APS? Answer: APC + APS = 1.

    		•
  • Q : Buyer beware-Laws and Regulations I

    I have a problem in economics on Buyer beware-Laws and Regulations. Please help me in the following question. Caveat emptor signifies: (i) Let the sellers beware. (ii) Sellers are the most excellent judges of the quality of their goods. (iii) Charge w

    		•
  • Q : Normal and Inferior Goods Can someone

    Can someone help me in finding out the precise answer from the given options that when a fixed level of national income becomes appreciably less evenly distributed as the numbers of relatively poor people and relatively prosperous people both raise dr

    		•
  • Q : Problem Based on Economic Rent Location

    Location or site rents are as: (w) unrelated to the geographic location of a firm in a market. (x) determined from the fertility of land. (y) generated while a firm’s location allows this to charge more for its output or to pay less for its inpu

    		•
  • Q : Unitarily price elasticity demand for

    When milk prices increase from $2 to $3 per gallon and sales fall by 600,000 gallons to 400,000 gallons monthly, then demand for milk is: (w) relatively price elastic. (x) unitarily price elasticity. (y) a 45 degree, negatively sloped

    		•
  • Q : Monopsonistic exploitation of many

    NCAA rules the forbidding standard employment negotiations among colleges and amateur athletes tend to outcome in: (i) Monopsonistic exploitation of numerous athletes. (ii) Incentives for the collusion among individual college coaches and individual owners of the prof

    		•
  • Q : Profit-maximizing output for economic

    Babble-On maintains world-wide patents for software which translates any of 314 spoken languages in text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. When Babble-On produces its profit-maximizing o

    		•