Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 3 of 22
When unit costs of smaller firms are higher than those of larger rival firms, it is difficult for smaller firms to enter the market. This is an example of ______.
B. economies of scale
C. price discrimination
A. allocative efficiency
B. economies of scale
C. price discrimination
User Contributed Comments 0
You need to log in first to add your comment.
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2025 Level I Curriculum, Volume 1, Module 1.