When an industry is a natural monopoly:
a. it is characterized by constant returns to scale
b. it is characterized by diseconomies of scale
c. a larger number of firms may lead to a lower average cost
d. a larger number of firms will lead to a higher average cost
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When an industry is a natural monopoly: a. it is characterized by constant returns to scale b. it is characterized by diseconomies of scale ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Who can become a principal and who can become an agent? a. Any person can become a principal, but an agent has to have the capacity to contract. b. Any person can become a principal and any person can become an agent. c.
Answers (1)
What does SKU stand for?
Answers (1)
Sustainable Growth Rate You have located the following information on Rock Company: debt ratio = 46.5%, capital intensity ratio = 2.51 times, profit margin = 21%, and dividend payout ratio = 38%.
Answers (1)
Read, Inc. instituted a new process in October 2008. During October, 10,000 units were started in Department A. Of the units started, 8,000 were transferred to Department B, and 2,000 remained in Work-in-Process at October 31, 2008.
Answers (1)
Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.
Answers (1)
New Questions in Business
The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility.
Answers (1)
In the open economy of Sildavia, government spending during 2005 was $30 billion, consumption was $70 billion, taxes were $20 billion, and GDP was $100 billion.
Answers (1)
Ridiculousness, Inc., has sales of $49,000, costs of $22,600, depreciation expense of $2,150, and interest expense of $1,900. If the tax rate is 21 percent, what is the operating cash flow, or OCF?
Answers (1)
A common measure of liquidity is a. the accounts receivable turnover. b. dividends per share of common stock. c. the asset turnover ratio. d. the profit margin.
Answers (1)
Assume that Amazon has a stock-option plan for top management. Each stock option represents the right to purchase a share of Amazon $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant.
Answers (1)