The expansion of the car manufacturing industry causes an improvement in the assembly line, so reducing charges to each firm in that industry.This is an example of
A) Constant returns to scale
B) A decreasing-cost industry
C) A decreasing returns to scale
D) An increasing-cost industry
Correct Answer:
Verified
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Q43: Producer surplus is
A)The amount of revenue received
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Q45: In a competitive industry in the long-run,
Q46: If a firm is producing where its
Q49: Competitive markets result allocative efficiency because they:
A)Maximize
Q50: At market equilibrium, the total (not net)
Q51: In the short run, a tax placed
Q58: I get $200 revenue from the sale
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