It is relatively easy for a firm to enter a perfectly competitive market.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If production displays economies of scale, the long-run average cost curve is
A) downward sloping. B) below the long-run marginal cost curve. C) upward sloping. D) above the short-run average total cost curve.
In effect, during the period immediately following World War II, the world was on a(n):
a. gold standard. b. flexible-exchange-rate standard. c. U.S. dollar standard. d. exchange-rate standard dictated by Germany e. pegged-exchange rate standard.
The structure of an organization is influenced by transactions costs
Indicate whether the statement is true or false
Which of the following statements about featherbedding is correct?
A. It may or may not increase the demand for labor. B. It may or may not increase wages. C. It forces a firm to hire more workers than it needs. D. All of these