In the soda industry, production costs per unit continue to fall as the firm expands. in this type of industry, smaller rivals trying to enter the industry:
a. will have much higher average costs.
b. will easily be able to gain market power.
c. have lower average costs.
d. do not have high fixed costs.
e. experience a government-created barrier.
"producer, in united states agricultural policy, is generally thought of as a farm operator. however, given the sometimes complex ownership and rental (agriculture) producer, in united states agricultural policy, is generally thought of as a farm operator. under this definition, a landlord receiving cash rent is not considered a producer and is not eligible to receive subsidy program payments. however, a landlord receiving crop share as rent is a producer. "
answer; /// i believe that the correct answer is ; ///(
its simple as this, microeconomics is the study of economics at an individual, group or company level, macroeconomics on the other hand, is the study of a national economy as a whole.
hope it =^-^=