The table shows the total revenue of the 50 firms in the roofing industry Total

Question

The table shows the total revenue of the 50 firms in the roofing industry Total revenue Firm If each of the 50 firms in the roofing industry operated in a diferent city and the cities were spread across the nation the market Shingles R Us Weather Guard Dry on Top Next 16 firms (each) Next 30 frms (each) Industry 325 250 200 50 20 O A. would collapse because of lack of competition B. would become perfectly compette OC. would be a monopolistic compenon 0 D. would consist ot firms that make zero economic profit OE. could be a series of monopoles 2,625 Click to select your answer Coll 4 5

Explanation / Answer

Answer is E. series of Monopolies.

Explanation:

As each firm operates in different cities across the nation, there is only one firm operating in one area. This means the firm will enjoy the monopoly power restricted to particular area.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.