Economics Homework Help

Question form Homework assignment

Question 49 – All the firms in an industry will be of

roughly the same size in which of the following circumstances?

Select economies of scale are continuous and never disappear as your answer

A. economies of scale are continuous and never disappear

Select minimum efficient scale is small relative to the size of the market as your answer

B.minimum efficient scale is small relative to the size of the market

Select economies of scale are followed immediately by diseconomies of scale so the LRAC curve has a unique minimum point as your answer

c.economies of scale are followed immediately by diseconomies of scale so the LRAC curve has a unique minimum point

Select the law of diminishing returns does not hold as your answer

d.the law of diminishing returns does not hold

Select there is a large range of constant returns to scale as your answer

E.there is a large range of constant returns to scale