As McDonald's expanded globally, it was able to achieve:
A) economies of scope.
B) economies of scale.
C) diseconomies of scale.
D) none of the above.
B
Economics
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A perfectly competitive firm has a total revenue curve that is
A) upward sloping with an increasing slope. B) downward sloping with a constant slope. C) upward sloping with a decreasing slope. D) upward sloping with a constant slope.
Economics
Which of the following statements about oligopolies is not correct?
a. There are only a few firms in the industry. b. Each firm possesses some market power. c. Oligopolistic firms are always large. d. An important reason for the existence of oligopolies is the presence of economies of scale.
Economics