If There Are Economies of Scale Throughout the Relevant Output

question 78

Multiple Choice

If there are economies of scale throughout the relevant output range of production, which is false?

• A)It is a natural monopoly.
• B)It is more efficient to have a single firm produce the good.
• C)It would typically result from a firm's possession of an exclusive patent.
• D)One large firm can produce at lower cost than two or more smaller firms.
• E)None of the above is false; all are true.

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