When long-run average costs increase as a result of industry growth, there are
A) internal economies.
B) internal diseconomies.
C) external economies.
D) external diseconomies.
Correct Answer:
Verified
Q353: Firms are making profits in an increasing-cost
Q354: As new firms enter a decreasing-cost industry
A)
Q355: As existing firms exit a decreasing-cost industry
A)
Q356: An industry with a positive-sloping long-run supply
Q357: Assume the watermelon industry is perfectly competitive
Q359: Assume the tennis ball industry, a perfectly
Q360: Refer to the information provided in Figure
Q361: An industry with a _ long-run supply
Q362: An industry with a _ long-run supply
Q363: Firms are making profits in a decreasing-cost
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