The long-run average total cost curve is less u-shaped than the short-run average total cost curve
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A merger between firms in which one firm purchases an input from the other is called a
A) conglomerate merger. B) horizontal merger. C) vertical merger. D) none of the above.
Economics
The supply of money increases when
a. the price level falls. b. the interest rate increases. c. the Fed makes open-market purchases. d. money demand increases.
Economics
In the expanded circular flow diagram, the rest of the world interacts directly with:
A. households. B. firms. C. product markets. D. factor markets.
Economics
Generally, specialization leads to
A) constant opportunity costs. B) greater productivity. C) reductions in people's skill levels. D) greater self-reliance.
Economics