True/False
A market can be too small if its limits the size of the firm to an output level that is below economic capacity in the long-run
Correct Answer:
Verified
Related Questions
Q84: Q88: Q92: Constant returns to scale is the situation Q95: Economies of scale are divided into those Q97: In what sense might a firm be Q99: The long run is the circumstance in Q100: Graphically,what is the effect of technological change? Q100: A firm's economic capacity and its most Q110: What is the shape of the LRAC Q116: Suppose prices and technologies are held constant.State
A)The
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents