Business, 06.05.2021 20:20, emmaishere69

Assume that in a particular industry the minimum efficient scale of operations is 6,000 units of output. That is, the long run ("Uminus shaped") average cost curve reflects a minimum efficient scale at 6,000 units of output. If that is the case, we would most likely expect that the industry would be A. an oligopoly if the fourminus firm concentration ratio is more than 10 percent. B. an oligopoly if the market quantity demanded is 18,000 units. C. perfectly competitive if the market quantity demanded is 20,000 units. D. monopolistically competitive if the market quantity demanded is 12,000 units.

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Assume that in a particular industry the minimum efficient scale of operations is 6,000 units of ou...