A firm that experiences only constant returns to scale will have a U-shaped long-run average cost curve.
Answer the following statement true (T) or false (F)
False
Economics
You might also like to view...
Credit cards
What will be an ideal response?
Economics
An example of a barrier to entry is
A) product differentiation. B) high profits. C) occupational licensing. D) increasing marginal costs.
Economics
Which of the following economic systems abolishes all private property?
a. communism b. socialism c. fascism d. All of these.
Economics
If a person attends a public college and is not hired because the boss went to a private college, this might be an example of
A) statistical discrimination. B) racial discrimination. C) screening. D) moral hazard.
Economics