In microeconomics, the term ___________________ is synonymous with decreasing returns of scale.
A) monopoly
B) economies of scale
C) diminishing returns
D) diseconomies of scale
Correct Answer:
Verified
Q5: The term _ is used to describe
Q6: In order to reduce the harmful affects
Q7: _ is calculated by taking the quantity
Q8: _ occur when the marginal gain in
Q9: In the US economy, nearly half of
Q11: The term _ describes a situation where
Q12: _ arises where many firms are competing
Q13: In microeconomics, the term _ is synonymous
Q14: _ include all of the costs of
Q15: A firm's _ consist of expenditures that
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