Which type of cost does not depend on a firm's output?
A. fixed cost
B. total cost
C. variable cost
D. marginal cost
Answer: A
Economics
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Inflation distorts the operation of our tax and financial system
Indicate whether the statement is true or false
Economics
In perfect competition, which is NOT true?
A. Both concentration ratios and Rothschild indexes tend to be close to zero. B. At least one firm has a perceptible impact on the market price. C. There are a large number of firms, and each is small relative to the entire market. D. Firms produce homogeneous goods.
Economics