When individuals and businesses are permitted to trade freely over a larger market area
What will be an ideal response?
they will be able to produce a larger output and consume a more diverse bundle of goods
Economics
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The above figures show the market for HD televisions. If research is published showing that watching HD television shows causes eye damage, then which figure shows the effect of this change?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.
Economics
Comment on the following statement: "In order for a natural monopoly to be present, economies of scale must be realized at a scale that is close to total demand in the market."
What will be an ideal response?
Economics