If Minimum Average Cost Is the Same Over a Large

question 119

Multiple Choice

If minimum average cost is the same over a large range of output,

• A)the market will evolve into a natural monopoly
• B)minimum efficient scale is large as well
• C)only a few large firms will survive in the long run
• D)smaller firms have a cost advantage over larger firms
• E)firms of varying sizes can coexist

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Definitions:

Job Dissatisfaction

The feeling of unhappiness or discontentment with one's job, often resulting from issues like inadequate pay, poor working conditions, or lack of recognition.

Interpersonal Relations

The interactions and relationships between two or more people, often in a work or social context.

Hygiene Factors

Factors related to job environment that can cause dissatisfaction if absent, such as salary, company policies, and working conditions, according to Herzberg's motivation-hygiene theory.

Job Context

The environment, conditions, and characteristics surrounding a particular job or role.