Mass production integrates
a. continuous flow and interchangeable parts.
b. economies of scale and scientific management.
c. the McCallum principles.
d. the Taylor premises.
a. continuous flow and interchangeable parts.
Economics
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A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand between A and B is ________
A) demand curve for; negative B) demand curve for; positive C) supply curve of; negative D) supply curve of; positive
Economics
In the long run, monopolistic competition
a. results in a monopoly b. ends up with one firm, that is, competition transforms to monopoly c. ends up with many firms in the industry d. has zero barriers to entry e. has no product differentiation
Economics