Author Question: Economies of scale are often confused with A) market demand curves. B) long-run average fixed cost ... (Read 89 times)

stevenposner · **on:** Jun 30, 2018

Economies of scale are often confused with
A) market demand curves.
B) long-run average fixed cost curves.
C) short-run average total cost curves.
D) learning curves.

Question 2

Identify the correct statement from the following.
a. Good faith bargaining implies the seller will never decrease the price for a particular buyer.
b. Distrust is the norm when electricity producers negotiate a deal to exchange power by misrepresenting their costs.
c. Poker is the exception where norms do not come into play.
d. Good faith bargaining norms vary among different types of transactions.