Multiple Choice
A given level of consumer demand will support a large number of producers in an industry if
A) minimum efficient scale (MES) is very large.
B) the long-run ATC curve decreases as output levels increase.
C) diseconomies of scale are already encountered even at low levels of output.
D) exclusive patents and high government license fees are prevalent in the industry.
Correct Answer:
Verified
Correct Answer:
Verified
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