The fact that invention is based largely on fixed costs and is a public good means that which of the following is not relevant to the process?
A. Average total cost
B. Marginal cost
C. External cost
D. Average variable cost
Answer: B
Economics
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The figure above shows that the U.S. net ________ surplus from the tariff is ________
A) loss of; $30 million per year B) gain in; $20 million per year C) loss of; $10 million per year D) gain in; $55 million per year E) gain in; zero
Economics
In the United States, why are cartels among firms usually kept secret?
What will be an ideal response?
Economics