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.

View Complete Question

Related Questions in Microeconomics

Q : Certainty and severity of punishment in

Rising the certainty and severity of punishment decreases cheating on an examination. This statement signifies: (i) Unrealistic expectations regarding student honesty. (ii) Purely normative visions of behavior. (iii) Misplaced cynicism since this issu

Q : Examples of Complementary Goods Can

Can someone help me in finding out the right answer from the given options. Illustrations of complementary goods would not comprise: (1) Football tickets and rugby tickets. (2) Golf clubs and golf balls. (3) Laundry detergent and washing machines. (4)

Q : Economic profit in the short run by

This illustrated graph is most consistent along with the environment confronted through a: (w) purely competitive firm which makes economic profit within the short run. (b) monopolistically-competitive firm into long run equilibrium. (c) firm along with oligopoly powe

Q : Problem on buyers and sellers

The supply and demand are affected by the time in sense that the longer the time interval considered, the: (1) Less sensitive sellers and buyers are to price changes. (2) Much sensitive sellers and buyers are to price changes. (3) Bigger is supply and

Q : Problem regarding Minimum Wage Laws I

I have a problem in economics on Problem regarding Minimum Wage Laws. Please help me in the following question. The consequence of minimum wage legislation on the teenagers has most likely been: (i) Greater unemployment. (ii) Greater employment. (iii) Full employment.

Q : Present Value and Capitalization The

The market value of an asset or potential investment project is most specific to rise when typical investors expect: (w) after-tax rates of return by investing to exceed the interest rate applicable for assets or investments along wit

Q : Market demands in short run Can someone

Can someone please help me in finding out the accurate answer from the following question. In short run, the market demands are: (1) Stimulated if resource costs increase. (2) Simply estimated employing aggregate data. (3) Positively associated to the

Discover Q & A

Leading Solution Library

Avail More Than 1435164 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1940119
Asked

3,689

Active Tutors

1435164

Questions
Answered

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

Submit Assignment