Economists who favor bigness in firms point to which of the following to support their argument?
a. economies of scale
b. perfect competition
c. need for antitrust
d. advantages of marginal cost pricing
e. constant returns to scale
A
Economics
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Suppose real GDP for a country is $13 trillion in 2015, $14 trillion in 2016, $15 trillion in 2017, and $16 trillion in 2018. Over this time period, the real GDP growth rate is
A) increasing. B) decreasing. C) constant. D) negative.
Economics
Which of the following is an example of representative money?
(A) An IOU note (B) Gold earrings (C) A fur coat (D) Diamonds
Economics