Business, 06.04.2021 06:20 layla07

8. Assume that we are looking at a highly competitive market where there are initially 30 firms. Which of the following would most likely occur if one large firm bought everyone out and resumed business as a monopoly?
C) The new monopoly firm would be producing at minimum ATC.
A) There would be an increase in total output over the previous competitive situation.
D) There would be less efficiency
B) There would be a decrease in total output over the previous competitive situation.
E) Both B and D are correct answers

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8. Assume that we are looking at a highly competitive market where there are initially 30 firms. Whi...

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