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 58 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?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Everyone has one nostril that is larger than the other.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
The lack of permanent disruption of language-related abilities after surgical excision of the ... The lack of permanent disruption of language-related abilities after surgical excision of the ...
An Environmental Kuznets Curve An Environmental Kuznets Curve
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Economics question Economics question
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library