In the long run, producers do not incur any fixed cost as all inputs are variable

Indicate whether the statement is true or false

T

Economics

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Marginal cost refers to the ________ cost incurred when choosing a particular action

A) total B) net C) implicit D) additional

Economics

If the market demand curve has constant price elasticity of -1, the monopolist's price should approach infinity.

Answer the following statement true (T) or false (F)

Economics