If a firm's minimum efficient scale is relatively small compared to industry output, then only a few firms are needed to satisfy industry demand
Indicate whether the statement is true or false
false
Economics
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Suppose the price of a movie falls from $9 to $7. Using the midpoint method, what is the percentage change in price?
A) 33 percent B) -33 percent C) 25 percent D) -25 percent E) -97 percent
Economics
An external cost is created when you
A) buy a sandwich for lunch. B) litter on the side of the road. C) graduate from college. D) buy flowers for your mother on Mother's Day.
Economics