Author Question: Related to the Economics in Practiceon page 193. The search engine business, which includes ... (Read 38 times)

mmm · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 9.6 below to answer the question(s) that follow.

Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to ________, the firm must be producing
q
₃ units of output.

◦ be experiencing diseconomies of scale
◦ need to shut down
◦ be in long-run equilibrium
◦ need to cut back on production to lower average costs

Question 2

Related to the
Economics in Practice on page 193. The search engine business, which includes companies like Google and Bing, is subject to economies of scale. This means that as the use of a search engine such as Google ________, the long-run cost to provide additional searches on this engine will likely ________.

◦ increases; rise
◦ increases; fall
◦ decreases; fall
◦ increases or decreases; stay the same

JYan · **Reply #1 on:** Apr 19, 2019

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