This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the long-run average cost curve is U-shaped, the optimal scale of production from society's ... (Read 112 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
If the long-run average cost curve is U-shaped, the optimal scale of production from society's viewpoint is
 
  A) where maximum economic profit is earned by producers.
  B) the minimum efficient scale.
  C) one which guarantees economic profit.
  D) where firm profit is large enough to finance research and development.

Question 2

The larger the number of firms in an industry
 
  A) the more intense the rivalry among firms.
  B) the larger the potential number of market segments.
  C) the easier it is to implicitly collude to fix prices.
  D) the greater the need for a price enforcement mechanism.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
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.
Answer Preview
Only 56% of students answer this correctly


j.rubin

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 29, 2018
Correct answers!


mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
Scale used to measure pupil size in millimeters. Scale used to measure pupil size in millimeters.
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Saffir-Simpson Scale (Hurricane Intensity Scale) Saffir-Simpson Scale (Hurricane Intensity Scale)
Long-wave energy flux is emitted from Earth Long-wave energy flux is emitted from Earth
Mendel’s Peas Are Shaped by Transposition Mendel’s Peas Are Shaped by Transposition
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library