Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Mega Corp: TC = 5,000 + 100Q
Big Inc: TC = 4,000 + 200Q
________ has a higher fixed cost and ________ has a higher marginal cost.
A) Big Inc; Mega Corp
B) Mega Corp; Big Inc
C) Big Inc; Big Inc
D) Mega Corp; Mega Corp
Correct Answer:
Verified
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