Economists refer to a holdout as someone who refuses to produce a pure public good with private funds

List three reasons why a firm might experience economies of scale

What will be an ideal response?

Let Kj and Lj denote the capital and labor inputs in the production of good j (j = S,T), then good S is said to be capital intensive relative to good T if

A) KS > KT. B) KS/LS > KT/LT. C) LS < LT. D) All of the above.