The special cost structure that is necessary for a firm to adopt a peak-load pricing policy is:

A. economies of scope.
B. economies of scale.
C. constant marginal cost.
D. limited capacity.

Answer: D

Economics

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The difference between the ________ and the ________ from the sale of a product is called producer surplus

A) highest price a firm would have been willing to accept; lowest price it was willing to accept B) cost to produce a product; profit received C) lowest price a firm would have been willing to accept; price it actually receives D) cost to produce a product; price a firm actually receives

Economics

Besides the fact that the elderly are often on fixed incomes can you think of another reason why most local taxing authorities grant homeowners aged 65 and older school tax exemptions?

What will be an ideal response?

Economics