If long-run average costs are falling, then the firm is ...

[mspears3]

If long-run average costs are falling, then the firm is experiencing diseconomies of scale.
  Indicate whether the statement is true or false

Question 2

Is wage discrimination more likely or less likely in competitive markets?

[srodz]

Answer to Question 1

False

Answer to Question 2

Competitive firms that discriminate may have to pay a higher wage than firms that do not discriminate. Since their costs are higher, they will have difficulty surviving in the long run in a highly competitive market. Other firms, which hire lower cost labor, will be able to undercut the output prices of wage-discriminating firms.

[mspears3]

Thanks for the timely response, appreciate it

[ebonylittles]

Wow, this really help