t is one of the barriers to entry when average cost continually decreases with output, implying that a single firm achieves the lowest possible unit cost by supplying the entire market. a. economies of scale b. control or resources c. strategic barriers d. pure quality and cost advantages

t is one of the barriers to entry when average cost continually decreases with output, implying that a single firm achieves the lowest possible unit cost by supplying the entire market. a. economies of scale b. control or resources c. strategic barriers d. pure quality and cost advantages

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter9: Monopoly

Section: Chapter Questions

Problem 12SQP

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It is one of the barriers to entry when average cost continually decreases with output, implying that a single firm achieves the lowest possible unit cost by supplying the entire market.

economies of scale

control or resources

strategic barriers

pure quality and cost advantages

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