Economies of scale occur when the percentage increase in output
A) exceeds the percentage increase in all inputs.
B) is less than the percentage increase in all inputs.
C) exceeds the percentage decrease in all inputs.
D) is less than the percentage decrease in all inputs.
A
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Indicate whether the statement is true or false
Lack of competition in the United States banking industry can be attributed to
A) the fact that competition does not benefit consumers. B) the fact that branching has eliminated competition. C) recent legislation restricting competition. D) nineteenth-century populist sentiment.
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