If a firm increases its output in the and unit costs ,then the firm is experiencing of scale.
A) short run; decrease; economies
B) long run; decrease; economies
C) short run; decrease; diseconomies
D) long run; decrease; diseconomies
E) long run; increase; economies
Correct Answer:
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Q6: A monopoly firm engaged in international trade
Q7: Firms that produce products must be competitive.
A)standardized;
Q8: A monopolistic firm
A)will always earn a profit
Q9: Under oligopoly,firms' pricing policies are and,under monopolistic
Q10: Under the model of monopolistic competition,a(an)_ in
Q12: If a firm that uses a production
Q13: International trade based solely on internal scale
Q14: A firm in long- run equilibrium under
Q15: International trade based on external scale economies
Q16: The simultaneous export and import of widgets
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