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Author Question: If long-run average costs are falling, then the firm is experiencing diseconomies of scale. ... (Read 95 times)

mspears3

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on: Jun 30, 2018
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?


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srodz

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Reply #1 on: Jun 30, 2018
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

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

daiying98

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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