7. A U-shaped long-run average total cost curve can be explained by firms increasing their size (i) to take advantage of greater specialization. (ii) to avoid coordination problems. (iii) to avoid fixed costs. (A) (i) and (ii) (B) (ii) and (iii) (C) (i) only (D) all of the above

8. Competitive firms differ from monopolies in which of the following ways? (i) Competitive firms do not have to worry about the price effect lowering their total revenue. (ii) Marginal revenue for a competitive firm equals price, while marginal revenue for a monopoly is greater than the price it is able to charge. (iii) Monopolies must lower their price in order to sell more of their product, while competitive firms do not. (A) (i) and (ii) (B) (ii) and (iii) (C) (i) and (iii) (D) all of the above

7. A U-shaped long-run average total cost curve can be explained by firms increasing their size (i) to take advantage of greater specialization. (ii) to avoid coordination problems. (iii) to avoid fixed costs. (A) (i) and (ii) (B) (ii) and (iii) (C) (i) only (D) all of the above

其他試題

7. A U-shaped long-run average total cost curve can be explained by firms increasing their size (i) to take advantage of greater specialization. (ii) to avoid coordination problems. (iii) to avoid fixed costs.
(A) (i) and (ii)
(B) (ii) and (iii)
(C) (i) only
(D) all of the above