If a firm is experiencing diseconomies of scale, then the long-run average cost curve is
A) falling.
B) rising.
C) horizontal.
D) shifting.
Question 2
Identify the statement which is true about bargaining.
a. There is a strong relationship between bargaining power and education.
b. The distribution of prices within the zone of agreement has a high standard deviation.
c. Average final prices are often near the halfway mark between valuation and opportunity cost and there is hardly any deviation from this.
d. There is a strong relationship between bargaining power and income.