Economies of scale
A. do not arise in oligopolistic industries.
B. can exist but fail to create barriers to entry in oligopolistic industries.
C. can exist but are rare in oligopolistic industries.
D. are commonplace and often a barrier to entry in oligopolistic industries.
Answer: D
You might also like to view...
The major factor contributing to the appreciation of the dollar between 1995 to 2000 was:
A) decrease in capital inflows. B) increase in capital inflows. C) slow GDP growth in the U.S. D) none of the above.
A small open economy increases its investment demand. This causes the world real interest rate to ________ and the country's current account balance to ________
A) rise; fall B) remain unchanged; rise C) rise; rise D) remain unchanged; fall
Individuals who specialize in activities that lower transaction costs are
A) consumers. B) producers. C) bureaucrats. D) middlemen.
Economists generally use gross domestic product to measure a nation's total output because it
a. equals the sales value of all transactions conducted during a period and, thus, can be easily calculated. b. is the best available measure of the market value of all final goods and services produced during a period. c. is unaffected by changes in the prices of products over time. d. is a reliable indicator of the social progress of a nation over time.