If minimum average cost is the same over a large range of output,
a. the market will evolve into a natural monopoly
b. minimum efficient scale is large as well
c. only a few large firms will survive in the long run
d. smaller firms have a cost advantage over larger firms
e. firms of varying sizes can coexist
E
Economics
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________ in the foreign interest rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
Economics
The diagram suggests that:
A. X and Y are both inferior goods.
B. X and Y are both normal goods.
C. X and Y are substitute goods.
D. X and Y are independent goods.
Economics