A downward-sloping portion of a long-run average total cost curve is the result of:
a. economies of scale.
b. diseconomies of scale.
c. diminishing returns.
d. the existence of fixed resources.
a
Economics
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If the government wanted to efficiently limit the emission of carbon monoxide by all firms to exactly 4 million tons it could
A) issue rights to pollute worth 4 million tons and let the firms trade those rights in a market. B) appeal to firms' environmental conscience to pollute less. C) subsidize production. D) rely on the Coase Theorem.
Economics
A Gini coefficient is a measure of
a. age dispersion b. the ratio of income to wealth c. social security d. the ratio of government spending to GDP e. income distribution
Economics