Which of the following paired concepts are equivalent to each other? a. Increasing returns; diseconomies of scale. b. Constant costs; economies of scale. c. Increasing costs; economies of scale. d. Increasing returns; increasing costs. e. Increasing returns; decreasing costs. Clear my choice
Which of the following paired concepts are equivalent to each other? a. Increasing returns; diseconomies of scale. b. Constant costs; economies of scale. c. Increasing costs; economies of scale. d. Increasing returns; increasing costs. e. Increasing returns; decreasing costs. Clear my choice
Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics
Section: Chapter Questions
Problem 1.3P
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Q40
Which of the following paired concepts are equivalent to each other?
a.
Increasing returns; diseconomies of scale.
b.
Constant costs; economies of scale.
c.
Increasing costs; economies of scale.
d.
Increasing returns; increasing costs.
e.
Increasing returns; decreasing costs.
Clear my choice
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