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Author Question: Related to the Economics in Practiceon page 193. The search engine business is subject to ________, ... (Read 157 times)

shenderson6

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on: Apr 19, 2019

Question 1

A firm's long-run average cost curve is increasing as output increases over all levels of output. As a result


◦ small firms and large firms will have identical average costs.
◦ there should be only one firm in the industry.
◦ small firms would have higher average costs of production than large firms.
◦ there should be more than one firm in the industry.

Question 2

Related to the 
Economics in Practice on page 193. The search engine business is subject to ________, which means that as the use of the search engine increases, the long-run cost to provide additional searches on that search engine will likely fall.


◦ diminishing returns
◦ economies of scale
◦ diseconomies of scale
◦ significant government regulation
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by shenderson6 on Apr 19, 2019

asdfghjkl;

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shenderson6

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Reply #2 on: Apr 19, 2019
Thanks


asdfghjkl;

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Reply #3 on: Apr 19, 2019
Welcome :)


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