5-6.3. A 1964 Study of the broiler chicken processing industry showed that \"pro

Question

5-6.3. A 1964 Study of the broiler chicken processing industry showed that "processing costs decreased continually with output size, but was small." Researchers concluded from the study that an output of 10 million birds per year representing 0.33 percent of 1969 broiler production, captured most of the efficiencies." A more recent study "concluded that a technically efficient and cost-effective processing process 8400 birds per hour. Expansion of this processing rate to an annual production volume results in an estimated minimum efficient scale value of 0.4 percent of the market. Do these results show that competition among a large number of plants and firms in the broiler chicken after 10 million birds per year the decrease plant should industry is possible? (2 points)

Explanation / Answer

Ans

These don't necessary result in from competition. It could be from new technology change or Method which raises efficiency. So we can't sure draw this conclusion even though it might be true

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