Economies of scale
a. require a change in the size of operations and therefore is a long-run consideration
b. require a more intensive use of existing plant and therefore is a short-run consideration
c. means that a doubling of plant size will double output
d. require a change in the size of plant and therefore is a short-run consideration
e. require a more intensive use of existing plant and therefore is a long-run consideration
A
You might also like to view...
A rational expectation of the inflation rate is
A) always correct. B) a forecast based on the forecasted actions of the Fed and other relevant determinant factors. C) a forecast based only on the historical evolution of inflation over the last 100 years. D) an expected inflation rate between 5 percent and 10 percent. E) an expected inflation rate between 1 percent and 5 percent.
Which of the following is a game theory strategy for oligopolists to avoid a low-price outcome?
a. Tit-for-tat b. Price leadership c. Cartel d. All of these