Diseconomies of scale are pictured on a graph by the upward-sloping portion of the

a. marginal product curve
b. short-run marginal cost curve
c. long-run marginal cost curve
d. short-run average cost curve
e. long-run average cost curve


E

Economics

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The lack of long-term economic development prevalent among many LDCs is evidence that relatively efficient economic markets may lead to socially undesirable outcomes

Indicate whether the statement is true or false

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If a profit-maximizing firm's fixed cost of producing widgets falls,

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Economics

Which of the following statements is incorrect about Eastern Europe and the countries of the former Soviet Union?

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Economics