Economies of scale can
A) result in an increasing cost industry.
B) cause input prices to drop.
C) prevent the entry of new firms into a market.
D) reduce the rate of return which the firm may earn.
C
Economics
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The United States is best known as a
A) pure price system. B) dictatorship. C) command and control system. D) mixed economic system.
Economics
If labor demand increases, the market wage rate will
a. increase b. decrease c. remain stable d. decrease initially and then rise by a larger amount e. decrease initially and then rise by a small amount
Economics