Multiple Choice
Use the following statements to answer this question:
I. The scale economies index is positive if the cost-output elasticity that is greater than one.
II. A negative scale economies index indicates the presence of diseconomies of scale.
A) I and II are true.
B) I is true and II is false.
C) II is true and I is false
D) I and II are true
Correct Answer:
Verified
Correct Answer:
Verified
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