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a. Economies of scale result in a small number of large firms that spend more of research and development.
b. Price is greater than long-run marginal and average cost.
c. Production does not generally take place at the lowest point on the long-run average cost curve.
d. All of the above are harmful effects of oligopoly.
My answer is also option (A)
A
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Thanks
agree with you Emad __________________________________________
Option A is the correct option........
The answer is : Option ( A )
a. Economies of scale result in a small number of large firms that spend more of research and development..
reason:
this is a market form in which a market or industry is dominated by a small number of sellers (oligopolists)
a. Economies of scale result in a small number of large firms that spend more of research and development. ...............................................................................
Option: " A " Is Correct Answer
