A firm can experience increasing, constant and decreasing returns to scale for various levels of output
What will be an ideal response?
True. As output increases a firm can experience all types of returns to scale.
Economics
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Patents do not
a. provide firms an incentive to research. b. assign property rights to inventors. c. protect the rights of inventors for their lifetimes. d. internalize externalities.
Economics
Social insurance taxes are paid by corporations based on their profits.
Answer the following statement true (T) or false (F)
Economics