If the production technology in a Robinson Crusoe economy has increasing returns to scale, there is not competitive equilibrium.
Answer the following statement true (T) or false (F)
True
Rationale:
There is no way to fit a budget/isoprofit line that is tangent at the efficient point below. 
Economics
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The moral hazard in team production arises from
a. poorly designed team membership b. lack of proper assignment of individual tasks c. disorganization in groups d. a conflict between tactically best interest and one's duty e. insufficient experience
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Which of the following industries most closely approximates the oligopoly model?
a. dry cleaning b. fast food c. automobile manufacturing d. agricultural produce
Economics