Which was not one of the main U.S. land acquisitions?

Over what range of prices does a surplus arise? What happens to the price when there is a surplus?

What will be an ideal response?

In some industries, like insurance, both small and very large firms coexist and compete quite effectively in the market. This indicates that the long-run average total cost curve in these industries

a. is "U" shaped. b. is downward sloping over all levels of output. c. exhibits constant returns to scale over a wide range of output. d. exhibits diseconomies of scale beginning at a low rate of output.