Under conditions of oligopoly, economies of large-scale production mean that:
a. firms are able to sell all of the output they desire
b. it is difficult for a firm to determine its profit-maximizing price and output.
c. large firms would find it more profitable to break up into smaller production units.
d. small firms are at a disadvantage in competing with relatively large firms.
d
You might also like to view...
The major problem with the Sherman Antitrust Act of 1890 was that
(a) it was struck down by the Supreme Court. (b) the government lacked the tools to enforce it. (c) its language was too vague to be applied the ways desired by Congress. (d) businesses found ways to use the Act clearly in their favor.
The accompanying graph shows the cost curves for Moe's mushroom gathering business, which is perfectly competitive. 
If mushrooms sell for $10 per bushel, and Moe chooses the profit-maximizing quantity, he will gather:
A. zero bushels. B. 20 bushels. C. 30 bushels. D. 50 bushels.