A firm is most likely to experience economies of scale if it has _____ start up costs and ______ variable costs.
A) high;increasing
B) high;low
C) high;high
D) low;decreasing
Correct Answer:
Verified
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Q31: According to the textbook,the most important and
Q32: If a natural monopoly increases the quantity
Q34: Start up costs are:
A)irrelevant in firm decision
Q35: When a drug company introduces a new
Q36: Imagine that you are an entrepreneur,making designer
Q37: Imagine that you are an entrepreneur,making designer
Q38: The term "natural monopoly" refers to:
A)government ownership
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