ECON312 Week 4 Quiz latest 2018
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Question 1
Diseconomies of scale is a result of
mismanagement.
difficulties of coordinating and controlling a large enterprise.
larger fixed costs as the firm's production increases.
technological progress.
specialization of labor, capital, and management.
Question 2
In a perfectly competitive market, the firm is a price taker because ______.
the price in the market is the price that maximizes each? firm's producer surplus
the firms in perfect competition are interdependent and if one firm charg...
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Question 1
Diseconomies of scale is a result of
mismanagement.
difficulties of coordinating and controlling a large enterprise.
larger fixed costs as the firm's production increases.
technological progress.
specialization of labor, capital, and management.
Question 2
In a perfectly competitive market, the firm is a price taker because ______.
the price in the market is the price that maximizes each? firm's producer surplus
the firms in perfect competition are interdependent and if one firm charg...