How can economies of scale lead to monopoly? How could it result in monopoly increasing rather than
Question:
How can economies of scale lead to monopoly? How could it result in monopoly increasing rather than decreasing market output, relative to the competitive market structure?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Economies of scale can lead to monopoly because output can b...View the full answer
Answered By
Abigael martinez
I have been a tutor for over 3 years and have had the opportunity to work with students of all ages and backgrounds. I have a strong belief that all students have the ability to learn and succeed if given the right tools and support. I am patient and adaptable, and I take the time to get to know each student's individual learning style in order to best support their needs. I am confident in my ability to help students improve their grades and reach their academic goals.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
How can economies of scale production affect world trade patterns?
-
How can economies of scale help explain the existence of financial intermediaries?
-
How do economies of scale affect positioning?
-
The controller of Northwest Hardware has just received two forecasts for sales in the Montana District for the coming year. Based on an econometric analysis of consumer spending and economic trends,...
-
Assume you invest in the British equity market and have a 10 percent decline (quoted in British pounds). a. If during this period the pound appreciated by 10 percent against the dollar, what would be...
-
What is a self-checking number? Give your own example of one.
-
A wire carrying a \(3.0-\mathrm{A}\) current lies along the \(x\) axis of an \(x y\) coordinate system, extending from \(x=0\) to \(x=10 \mathrm{~m}\). What is the magnitude of the magnetic field at...
-
The following is taken from Maxwell Co.s internal records of its factory with two operating departments. The cost driver for indirect labor and supplies is direct labor costs, and the cost driver for...
-
17. Moment of inertia (M.I) of four bodies, having same mass and radius, and reported as: I1 = M.I. of thin circular ring about its diameter 18. 12 = M.I. of circular disc about an axis perpendicular...
-
What is average cost pricing? How is it different from marginal cost pricing?
-
Why, unlike perfectly competitive firms, can a monopolist continue to earn positive economic profits in the long run?
-
A contractor orders 8 cubic yards of premixed cement, all of which is to be used to pour a patio that will be 4 inches thick. If the length of the patio is specified to be twice the width, what will...
-
determine how you could check the numbers in the financial reports are correct for food and drinks?
-
What strategies can businesses employ to facilitate effective training and smooth adoption of computerized accounting systems by their staff? How can organizations balance the need for user-friendly...
-
describe how mision statement of non profit organizations is difrent from profit ones?please explain in your own wording.
-
Examine the real options approach in capital budgeting and its relevance in valuing flexibility in investment decisions. How does this technique capture the value of managerial choices in uncertain...
-
Solve the formula 7x - 8y = -12 for y.
-
What is the difference between an ordinal ranking and a cardinal ranking?
-
Name some of the various types of financial intermediaries described in the chapter and indicate the primary reason(s) each was created.
-
Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets: a. A U.S. airline firm purchases several Airbus planes assembled in France. b. A...
-
Explain why the U.S. demand for Mexican pesos is downward-sloping and the supply of pesos to Americans is upward-sloping. Assuming a system of flexible exchange rates between Mexico and the United...
-
Explain why you agree or disagree with the following statements: a. A country that grows faster than its major trading partners can expect the international value of its currency to depreciate. b. A...
-
Alice wants to keep the inside of her apartment at a nice temperature of 72.6F while the outside temperature is 87.3 F. If she were to get the internal temperature to 72.6 F and then turn off her air...
-
Suppose the following balance sheet for Winbnb after second round of venture financing. Second Stage Market Value Balance Sheet ($mil) Assets Cash from new Equity Fixed Assets Liabilities and Equity...
-
Jeremy ( unmarried ) earned $ 1 0 7 , 5 0 0 in salary and $ 6 , 4 0 0 in interest income during the year. Jeremy's employer withheld $ 1 0 , 0 0 0 of federal income taxes from Jeremy's paychecks...
Study smarter with the SolutionInn App