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Figure 11-8 Given the Average Cost Curve Shown in Figure 11-8 for Figure

Question 125

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Figure 11-8
Figure 11-8 Given the average cost curve shown in Figure 11-8 for dry cleaning, where Q<sub>1</sub> is the quantity demanded in a small town, and Q<sub>2</sub> for a larger town, you would expect dry cleaning to be a monopoly A) in a small town, but not a large one. B) in both large and small towns. C) in a large town, but not a small one. D) only if the process is patented.
Given the average cost curve shown in Figure 11-8 for dry cleaning, where Q1 is the quantity demanded in a small town, and Q2 for a larger town, you would expect dry cleaning to be a monopoly


A) in a small town, but not a large one.
B) in both large and small towns.
C) in a large town, but not a small one.
D) only if the process is patented.

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