Assume the lrac curve for a particular industry hits its minimum point at a relatively low level of output and then increases, and the demand for industry output is quite large. in this case, consideration of the minimum efficient scale of operation suggest that the market should be served by: a. a large number of small firms to minimize production costs. b. a small number of large firms to minimize production costsc. a large number of large firms to minimize production costs. d. an indeterminate number of firms of indeterminate size to minimize production costs.

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

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As task uncertainty and interdependence increase, are a more effective coordination mechanism than