When a firm is experiencing economies of scale, the minimum point of the firm's short-run average total cost curve shifts down as it expands its scale of production
Indicate whether the statement is true or false
TRUE
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Cash flow is the difference between assets and revenues.
A. True B. False C. Uncertain
Which of the following industries has the highest concentration ratio?
a. dresses b. apples c. books d. cigarettes
The current international monetary system is best described as a
A) fixed exchange rate system. B) flexible exchange rate system. C) managed flexible exchange rate system. D) dollar standard. E) gold standard.
Suppose you are an economic researcher, and you have access to detailed information about all of the firms in a given geographic area. You would conclude that the pollution reduction policy in that area is efficient if you observe that:
A. all firms currently use the same pollution reduction technology. B. all firms produce approximately the same amount of pollution. C. the cleanest firms are also the most profitable. D. the marginal cost of reducing pollution is the same for all firms at current emissions levels.