Author Question: If a firm is experiencing constant returns to scale, then the long-run average cost curve is A) ... (Read 37 times)

bobbie · **on:** Jun 30, 2018

If a firm is experiencing constant returns to scale, then the long-run average cost curve is
A) falling.
B) rising.
C) horizontal.
D) shifting

Question 2

A conclusion from the study of automobile markets by Allen Jung of the University of Chicago was that:
a. the more experienced buyers got better deals.
b. dealer characteristics had considerable influence on the prices they offered.
c. variation in the offered price by dealers of cars was uniform.
d. there was little or no difference between the average prices quoted to different types of buyers.