Economies of scope exist between book publishing and magazine publishing if
A) the cost of publishing a magazine is lower for book publishers than for other firms.
B) the cost of publishing a magazine is lower for firms that publish many magazines than for firms that publish only one magazine.
C) the cost of publishing a book falls over time as the publisher acquires more experience.
D) the cost of a publishing a book is not subject to diminishing marginal returns.
A
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A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
A proportional tax will have a constant tax rate despite changes in the tax base
a. True b. False Indicate whether the statement is true or false
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