The monopolist produces at minimum average total cost to maximize efficiency
Indicate whether the statement is true or false
F
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Political creative destruction:
A) is likely to hamper the ruling government in an economy with inclusive institutions. B) leads to losses of all economic agents. C) leads to the benefit of all economic agents. D) is likely to adversely affect the ruling government in an economy with extractive institutions.
Which of these forms of financing is generally not employed by very large firms?
A) commercial paper B) medium-term notes C) public debt D) mezzanine funds
When a firm experiences increasing returns to scale
A) its AFC will decrease. B) its AFC will increase. C) its AC will increase. D) its AC will decrease.
When goods are subject to market failure, all of the following are possible solutions to the market failure except:
A. privatize the good. B. have government either regulate the market or provide the good. C. set a very specific consumer quota on consumption. D. change social norms.