Multiple Choice
If firms in a market have been prohibited from reaching the minimum efficient scale,
A) the market is probably perfectly competitive.
B) the market is probably a monopoly.
C) mergers will result if the restrictions are eliminated.
D) the LRATC curve has been shifting upward.
E) the LRATC curve has been shifting downward.
Correct Answer:
Verified
Correct Answer:
Verified
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