If a firm that uses a production process that yields economies of scale charges a price equal to ________, then profit will be ________

A) marginal cost; negative
B) marginal revenue; maximized
C) marginal cost; maximized
D) marginal revenue; positive
E) marginal cost; positive


A

Economics

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Assuming QF is the full employment equilibrium then in Figure 11.2, if the level of spending is equal to AD1, the AD shortfall would be

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