help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / A monopoly has a

A monopoly has a

Accounting

A monopoly has

a. constant average costs cost over the relevant range of output.

b. economies of scale over the relevant range of output.

c. constant returns to scale over the relevant range of output.

d. diseconomies of scale over the relevant range of output.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

b. economies of scale over the relevant range of output .

Economies of a scale state a situational phenomenon when the firm observes reduction in the average cost of producing output. Therefore, a monopoly firm attains surplus profit due to this reason.

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)