The existence of economies of scale can create ________
A) a natural monopoly
B) a government monopoly
C) a legal monopoly
D) a market in which many firms make identical products
A
Economics
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The notion of opportunity cost allows the measurement of tradeoffs
Indicate whether the statement is true or false
Economics
An example of an increase in b, the efficiency of human capital accumulation, is
A) more mandatory school years. B) better teachers. C) better school material. D) better total factor productivity.
Economics