The existence of external economies of scale
A) may be associated with a perfectly competitive industry.
B) cannot be associated with a perfectly competitive industry.
C) tends to result in one huge monopoly.
D) tends to result in large profits for each firm.
E) focuses more on individual firms than the industry as a whole.
A
Economics
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In the above figure, the monopolist's profit-maximizing output level is
A) A. B) B. C) C. D) D.
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