Diseconomies of scale:
a. occur only in the short run.
b. occur when at least one resource is fixed and unit costs decrease as the quantity of production increases.
c. occur when at least one resource is fixed and unit costs increase as the quantity of production increases.
d. are represented by the upward-sloping portion of the short run average total cost curve.
e. occur when all resources are variable and unit costs increase as the quantity of production increases.
e
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Suppose that financial market participants now expect a future tax increase in one year. Also assume that the yield curve is initially upward sloping. Given this information, we would expect which of the following to occur?
A) The yield curve will become steeper. B) i2t will increase C) i2t will decrease D) The yield curve will become downward sloping.
In oligopoly outcomes, the dominant firm's profitability depends on how the fringe, consisting of small competing sellers, responds to its choices
Indicate whether the statement is true or false