Economies of scale are also known as
a. Increasing returns to scale
b. Decreasing returns to scale
c. Constant returns to scale
d. None of the above
a
Economics
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Reputational rents refer to
A) the profit earned by a firm when it captures economies of scope. B) the costs associated with building credibility of a firm. C) the profit earned solely based on the credibility of a firm. D) the costs associated with the firm's achievement of economies of scale.
Economics
The above figure shows the demand and cost curves facing a monopoly. A $100 per unit tax would raise price by
A) $100. B) $50. C) $25. D) $0.
Economics