Strategic complementarities may help explain business cycles because such complementarities may lead to
A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) a downward-sloping labor supply curve.
C
Economics
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A crisis caused by sudden capital flight
A) is easy to resolve with capital controls. B) might be lessened if investor confidence can be increased. C) has a clear and unique equilibrium outcome. D) can be corrected through currency devaluation.
Economics
Some electrical utilities are monopolies because of
A) government restrictions that prevent new firms from entering the market. B) ownership of resources without close substitutes. C) diseconomies of scale. D) their inability to earn profits.
Economics