True or False of the following statements;1). Assuming a constant marginal cost, a lower price elasticity of demand would call for a relatively lower mark-up ration.;2). Mark-up pricing might be more suitable for monopolies;3). Relatively high transportation costs make it easier for a firm to achieve a natural ?monopoly status.;4). When there are significant economies of scale, it might be more efficient to have a larger firm operating under its full capacity than having multiple firms, each operating at its peak efficiency.;5). The higher the fixed cost the lower the break-even output quantity.
Paper#21544 | Written in 18-Jul-2015Price : $22