The primary cause of diseconomies of scale is scarcity of machinery and capital
a. True
b. False
Indicate whether the statement is true or false
False
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The entry of new firms into a monopolistically competitive market makes the demand curves for the existing firms more elastic
Indicate whether the statement is true or false
In the case of rent control, a maximum price will cause ________ and ________ the total surplus of the market.
A. excess demand; reduce B. excess demand; increase C. excess supply; reduce D. excess supply; increase
Farmers historically have organized agricultural bargaining groups called
A) cartels. B) unions. C) cooperatives. D) partnerships.
If lenders anticipate no changes in liquidity, information costs, and tax differences, the yield on a risky security should be
A) greater than that on a safe security and the price of a risky security should also be greater than that of a safe security. B) less than that on a safe security and the price of a risky security should also be less than that of a safe security. C) greater than that on a safe security and the price of a risky security should be lower than that of a safe security. D) less than that on a safe security and the price of a risky security should be greater than that on a safe security.