Taking the same industries, identify as many economies of scale as you can.
Answer to relevant Questions‘Both short-run and long-run average cost curves may be -shaped, but the explanations for their respective shapes are quite different.’ Explain this statement.Is it a valid criticism of perfect competition to argue that it is incompatible with economies of scale?What is meant by the prisoners’ dilemma game when applied to the behaviour of oligopolists? What will determine the outcome of the game?Do behavioral theories of the firm allow us to make any predictions about firms’ prices and output?Distinguish between proportional, progressive and regressive taxation. Could a progressive tax have a constant marginal rate?
Post your question