The text considers three methods that can be used to obtain empirical estimates of long-run costs in different industries.Of those three,surveys of expert opinion are considered to be most reliable because they are less subject to bias than the other two methods.

Question

Quizplus · Accepted Answer

The text actually states that surveys of expert opinion are the least reliable method for obtaining empirical estimates of long-run costs, as they are more subject to bias compared to the other two methods (statistical analysis and case studies).

The Text Considers Three Methods That Can Be Used to Obtain