Multiple Choice
If there are significant economies of scale in an industry, then
A) a firm that is large may be able to produce at a lower unit cost than can a small firm.
B) a firm that is large will have to charge a higher price than will a small firm.
C) entry to that industry will be easy.
D) firms must differentiate their products to earn economic profits.
Correct Answer:
Verified
Correct Answer:
Verified
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