Firms that discriminate are:
A. always more profitable than firms that do not.
B. irrational.
C. sometimes more profitable than firms that do not.
D. always less profitable than firms that do not.
Answer: C
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Participants in the ________ invest in stocks, bonds, and mutual funds, mortgage contracts, real estate and other opportunities with the expectation of receiving a financial return on their investment.
Fill in the blank(s) with the appropriate word(s).
Which of the following is an example of external economies?
(a) The cost of per unit produced in manufacturing goods falls as the industry size grows. (b) The cost of per unit produced falls as the firm size, not the industry size, grows. (c) The cost of per unit produced in manufacturing goods increases as the industry grows. (d) The cost of per unit produced falls as the size of the firm grows.