Economies of scale in production act as a source of:
A) legal market power.
B) natural market power.
C) restricted market power.
D) regulated market power.
B
Economics
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What is monetary policy?
What will be an ideal response?
Economics
Explain why in the long run a firm that is cost minimizing will choose K and L where:
w/MPL = r/MPK What does this tell you about the marginal cost of increasing output through hiring labor and the marginal cost of increasing output through adding capital?
Economics