Economies of Scale Will Create a Barrier to Entry in an Oligopoly

question 189

Multiple Choice

Economies of scale will create a barrier to entry in an oligopoly industry when

• A)a firm's minimum efficient scale occurs where long-run average total costs are constant.
• B)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)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)the industry's four-firm concentration ratio is less than 40 percent.

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The quality of an expense being allowed by tax laws to be subtracted from gross income to reduce taxable income.

Moving Expenses

Costs associated with moving for work, which may be deductible under certain conditions for tax purposes.

Pre-Move House Hunting

Expenses incurred while searching for a new residence before relocating for a job, which may be deductible or reimbursable under certain circumstances.

Deductible Moving Expense

Expenses related to moving for work that exceed a certain distance and time requirement, which can be deducted for tax purposes, but currently limited to members of the Armed Forces.