Obtained only through large-scale production

Assignment Help Business Economics

Reference no: EM133636572

Question

In the natural gas industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary pipes and hoses makes it risky and, most likely, unprofitable for competitors to enter the market.

Reference no: EM133636572

Questions Cloud

What value do you offer to the market : What value do you offer to the market? Which areas do you need to improve based on the identified weaknesses? Who are your competitors?

Nike creation and wealth creation : How unemployment (the number of people who are out of a job and actively seeking a job) can influence Nike's creation and wealth creation.

Equilibrium in market occurs where : Equilibrium in a market occurs where. price equals marginal opportunity cost.

Describe three partner organizations that are essential : Describe three partner organizations that are essential to the vaccination drive and outline their respective functional roles and responsibilities associated w

Obtained only through large-scale production : In the natural gas industry, low average total costs are obtained only through large-scale production.

Achieve economic development : What obstacles do DVCs face when trying to achieve economic development ?

Limited-edition sneakers among your classmates : Explore the market for buying and selling limited-edition sneakers among your classmates.

Describe how the technique would be effective : As a salesperson working at the local electronics store, you offer an extended warranty plan to a customer. Describe how this technique would be effective.

Produce the quantity of candles being purchased : The candles became popular so quickly that the family was unable to produce the quantity of candles being purchased.

User Account

All Pages