When Will Economies of Scale Create a Barrier to Entry

question 92

Multiple Choice

When will economies of scale create a barrier to entry in an oligopoly industry?

• A)When a firm's minimum efficient scale occurs where long-run average total costs are constant.
• B)When the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a large fraction of total industry sales.
• C)When the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a small fraction of total industry sales.
• D)When the industry's four-firm concentration ratio is less than 40 per cent.

Understand the concept and functions of human resource information systems (HRIS) in HR planning.

Comprehend the implications of workforce reduction strategies for an organization.

Grasp how market wage rates can be utilized for forecasting the supply of human resources.

Understand the concept of knowledge, skills, and abilities (KSAs) and their relevance to job families.

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