Which cannot be a characteristic of an monopolistic industry?
A. Differentiated products
B. A large number of consumers
C. Significant barriers to entry
D. A perfectly elastic firm demand curve
D. A perfectly elastic firm demand curve
Economics
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Increasing returns to scale in production means
A) more than 10% as much of all inputs are required to increase output 10%. B) less than twice as much of all inputs are required to double output. C) more than twice as much of only one input is required to double output. D) isoquants must be linear.
Economics
One way to decrease leverage is increasing capital
a. True b. False.
Economics