Which of the following does NOT represent a way in which financial intermediaries take advantage of economies of scale?
A) paying lower brokerage fees per dollar invested
B) paying lower legal fees per dollar invested
C) purchasing sophisticated computer systems
D) paying lower taxes per dollar invested
D
Economics
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The smallest quantity of output at which long-run average cost is at a minimum is a firm's ________
A) maximum efficient scale B) profit-maximizing output point C) minimum efficient scale D) efficient output point
Economics
Most economists are concerned about entry barriers. Why is this so important to them?
What will be an ideal response?
Economics