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Author Question: If a firm is producing no output in the short run, then its total costs are zero. Indicate ... (Read 114 times)

rosent76

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on: Jun 29, 2018
If a firm is producing no output in the short run, then its total costs are zero.
 
  Indicate whether the statement is true or false

Question 2

An oligopolistic industry is characterized by all of the following except
 
  A) production of standardized or differentiated products.
  B) firms pursuing aggressive business strategies, independent of rivals' strategies.
  C) existence of entry barriers.
  D) the possibility of reaping long-run economic profits.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Danny Ewald

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


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