Sophia Learning | Online Course X Microeconomics - MILESTONE 3 x unit-3-tutorials-the-firm.pdf X + - C D purdueglobal,sophia.org/spec/microeconomics-2-milestone-3-1/9 UNIT 3 - MILESTONE 3 1 2 3 4 5 6 7 Question 9 O Mark this question Which of the following is true regarding how a market type interacts with constant, increasing and decreasing cost industries? O In a perfectly competitive market, firms will usually experience significant economies of scale until very high levels of output. O In a natural monopoly, firms will always reach diseconomies of scale at high levels of output. O In a perfectly competitive market, firms tend to experience diseconomies of scale at relatively low levels of output. O n a monopoly, firms are likely to begin experiencing diseconomies of scale at relatively low levels of output. SAVE & CONTINUE A a G P X