Author Question: In the long-run, both perfectly competitive and monopolistically competitive firms will produce at ... (Read 65 times)

WhattoUnderstand · **on:** Jun 30, 2018

In the long-run, both perfectly competitive and monopolistically competitive firms will produce at minimum average cost.
a. True
b. False

Question 2

In order to dispose of nuclear waste created by power plants around the country, the government buys land in Glowing Gulch, Idaho. Citizens of that town organize to block construction of the nuclear waste facility. Which of the following statements is false?
a. The benefits of the nuclear waste facility are widespread.
b. The costs of the nuclear waste facility are concentrated.
c. The citizens of Glowing Gulch are a special-interest group.
d. Consumers of the power generated at the nuclear plants are not likely to organize to support construction of the nuclear waste facility.
e. The citizens of Glowing Gulch are equally concerned about all public issues.