Savings-and-loans were originally federally insured through the

Rose, who grows geraniums to sell, is currently producing a level of output at which her marginal cost equals her average variable cost. What must be true about Rose's average total cost at this level of output? a. It is at a minimum

b. It is at a maximum. c. It is falling with increased output. d. It is equal to average variable cost.

One of the strongest reasons that oligopolies exist is due to

A. marginal cost pricing. B. lowest cost production. C. the homogeneity of their products. D. economies of scale.