Multiple Choice
Suppose that minimum efficient scale as a percentage of U.S. consumption is 5 percent in industry X and it is 10 percent in industry Y. It follows that we would expect to find
A) fewer firms in industry Y than X.
B) fewer firms in industry X than Y.
C) bigger firms in industry Y than X.
D) bigger firms in industry X than Y.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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