57) "If an industry's minimum efficient scale is between 2,000 and 4,000 units of output, then a firm producing 2,000 units of output in that industry has a cost-saving advantage over another firm producing 4,000 units of output in the same industry." Do you agree or disagree? Explain. 58) Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
57) "If an industry's minimum efficient scale is between 2,000 and 4,000 units of output, then a firm producing 2,000 units of output in that industry has a cost-saving advantage over another firm producing 4,000 units of output in the same industry." Do you agree or disagree? Explain. 58) Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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