The marginal principle dictates that marginal cost should equal marginal benefit
Indicate whether the statement is true or false
TRUE
You might also like to view...
If an industry is imperfectly competitive, and markets are segmented then
A) a firm may find that it is profitable to engage in dumping. B) a firm may find that international trade is unprofitable. C) a firm may find that it should promote scale economies. D) a firm may find that it has lost its comparative advantage. E) a firm may find that it should become more specialized.
In a competitive market with large search costs, many firms, and asymmetric information, why is the monopoly price the only possible single-price equilibrium?
What will be an ideal response?
. The quantity at which quantity demanded and quantity supplied are equal for a certain price level is known as
a. equilibrium price. b. equilibrium quantity. c. equilibrium rate. d. equilibrium level.
The poverty line is set by the government so that 10 percent of all families fall below that line and are thereby classified as "poor."
a. True b. False Indicate whether the statement is true or false