A firm is experiencing ________ on the downward-sloping portion of a firm's long run average cost curve.
A. constant returns to scale
B. diminishing marginal returns
C. increasing returns to scale
D. decreasing returns to scale
Answer: C
Economics
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Which of the following results in a movement upward along the demand curve for movies?
A) a decrease in the price of movie tickets B) a decrease in income, assuming that movies are a normal good C) a decrease in the price of NetFlix, a substitute for movies D) an increase in the price of movie tickets E) an increase in income, assuming that movies are a normal good
Economics
Government actions that create monopolies
A) spur product innovation by the monopoly. B) create deadweight loss. C) result in lower average costs of production. D) ensure that firms price at marginal cost.
Economics