This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Related to the Economics in Practiceon page 195: If the long-run average cost curve in an industry ... (Read 62 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
on: Apr 19, 2019

Related to the 
Economics in Practice on page 195: If the long-run average cost curve in an industry has a long, flat section, which of the following must be 
true?


◦ There is no single point on the curve that is the best.
◦ Small firms have higher average costs than large firms.
◦ Existing firms have no incentive to expand.
◦ There would be no difference between the industry's short-run average cost curve and its long-run average cost curve.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by futuristic on Apr 19, 2019

SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


futuristic

  • Hero Member
  • *****
  • Posts: 638
Reply #2 on: Apr 19, 2019
TY


SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Triangle plot showing gene expression related to xylem, phloem, and nonvascular tissue in Arabidopsi Triangle plot showing gene expression related to xylem, phloem, and nonvascular tissue in Arabidopsi
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
The titration curve of acetic acid The titration curve of acetic acid
Cross section of peritoneum with related organs and structures. Cross section of peritoneum with related organs and structures.
Long Term Control Medications Long Term Control Medications
Average household size Average household size
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library