Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 57, Problem 7MCQ
To determine
The market structure that characterized economies of scale.
Expert Solution & Answer
Explanation of Solution
In
Therefore, the correct option is e.
Economics Concept Introduction
Introduction:
When the production becomes efficient for the firm and it gets cost advantage then it is a situation of economies of scale.
In the monopoly, only one firm sells goods and services which are unique or having no substitutes in the market.
Chapter 57 Solutions
Krugman's Economics For The Ap® Course
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