Author Question: If decreasing long-run average cost is inherent in an industry's technology, then only one supplier ... (Read 19 times)

nelaaney

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If decreasing long-run average cost is inherent in an industry's technology, then only one supplier can satisfy the entire market.
  Indicate whether the statement is true or false

Question 2

A positive economic profit signals that the investors of a firm should divert their funds to alternative ventures.
 a. True
  b. False
  Indicate whether the statement is true or false



dudman123

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Answer to Question 1

T

Answer to Question 2

False



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