If an industry exhibits economies of scale, one larger firm may be able to produce goods at a lower long-run average cost than two smaller firms

Supply-side theories of the business cycle focus on how improper incentives lead to the unwillingness of producers to supply more goods and services at existing prices.

Answer the following statement true (T) or false (F)

One barrier to entry into a monopoly market is:

A. the existence of large economies of scale. B. very large fixed costs relative to variable costs. C. the high cost of required infrastructure for an industry. D. All of these statements are true.